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IN SB0366
Bill
Status
1/12/2015
Primary Sponsor
Brent Waltz
Click for details
AI Summary
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Prohibits personal lines property or casualty insurers from canceling, refusing to issue or renew, or charging unfairly discriminatory rates based on lawful firearm or ammunition ownership, possession, or use by applicants, insureds, or household members
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Prohibits insurers from disclosing firearm ownership or use information to third parties or affiliates unless the applicant or insured expressly consents or disclosure is necessary to quote, bind, continue, or adjust claims
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Allows insurers to charge supplemental premiums for voluntary rider coverage insuring firearms or firearm collections exceeding standard policy limits and to share information with licensed producers for such riders
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Authorizes the insurance commissioner to suspend or revoke an insurer's certificate of authority after a hearing for violations, with determinations subject to administrative appeal procedures
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Takes effect July 1, 2015
Legislative Description
Insurance and firearms. Prohibits a personal lines property or casualty insurer from taking certain actions in connection with the ownership, possession, or use of a firearm by an insurance applicant, insured, or household member.
Last Action
First Reading: referred to Committee on Insurance & Financial Institutions
1/12/2015