Loading chat...
MO HB1961
Bill
Status
3/21/2012
Primary Sponsor
Karla May
Click for details
AI Summary
-
Insurers using zip code as an underwriting factor cannot take adverse actions (denials, nonrenewals, reduced benefits, higher premiums) based solely on zip code without considering at least one other underwriting factor unrelated to zip code.
-
Defines adverse actions to include cancellations, charging higher premiums than would be offered with a more favorable zip code, and reducing coverage terms or benefits due to zip code.
-
Requires insurers to notify policyholders or applicants when a zip code adversely affects underwriting of their insurance contract.
-
Applies to all insurance contracts entered into on or after January 1, 2013.
Legislative Description
Prohibits an insurance company using a consumer's zip code as a factor in underwriting from taking any adverse action based on that factor without consideration of another factor not related to the zip code
Last Action
Referred: Insurance Policy (H)
4/4/2012