Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
No | Negative | Neutral | Neutral | Negative | Neutral |
Relating to certain disclosures and notices required for certain life insurance policies.
CSHB 3370 would require that unless a change is made pursuant to a previously implemented cost of insurance schedule, if an insurer increases a non-guaranteed element in or decreases the credited interest rate for a policy after the policy’s issuance, the insurer must provide a written notice to the policy owner. The insurer would also be required to give notice to the Department of Insurance in certain cases.