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MO HB580
Bill
Status
2/13/2013
Primary Sponsor
Karla May
Click for details
AI Summary
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Insurers using zip codes as an underwriting factor cannot take adverse actions based solely on zip code without considering another unrelated underwriting factor.
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Adverse actions include denial, cancellation, nonrenewal of coverage, charging higher premiums, or reducing coverage benefits or types based on zip code.
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Insurers must notify policyholders or applicants if their zip code adversely affected the underwriting decision on their insurance contract.
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Provisions apply to all insurance contracts entered into on or after January 1, 2014.
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)
3/28/2013