HB 1080 (Truly Agreed) Commercial casualty insurance-limits on notices
Bill Summary
- Prepared by Senate Research -

HB 1080 - Two clarifications are made for commercial casualty insurance policies. The assignment of a policy between affiliates within an insurance holding company shall not require a notice of cancellation. No notice is required for a change in any rating system component.
MICHAEL HOEFERKAMP

SCA 1 - RENEWAL NOTICES BY COMMERCIAL CASUALTY INSURERS WHICH INDICATE A CHANGE IN A RATING FACTOR WHICH INCREASES THE PREMIUM SHALL NOTE THAT FURTHER INFORMATION MAY BE OBTAINED FROM THE INSURER OR AGENT.

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