Bill

SB 736

83(R) - 2013
Insurance

Vote Recommendation

No
  • Neutral
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Kirk Watson

Bill Caption

Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Summary: SB 736 would prohibit insurance companies from using information obtained through a customer inquiry to raise a policyholder’s rates or to decline to renew the policy. Currently, insurance companies are not allowed to use that type of information to deny or cancel a policy.

Analysis: SB 736 would represent another mandate on insurance companies. The state should not mandate to a private company the type of information that it may use to make business decisions.