Sec. 505. Reasons for adverse actions
52 words·~1 min read·
/bill/113/hr/1229/ih/section-505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer that takes an action that adversely affects a subject of abuse, shall advise the applicant or insured who is the subject of abuse of the specific reasons for the action in writing. For purposes of this section, reference to general underwriting practices or guidelines shall not constitute a specific reason.