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Bill would require insurers to provide written reasons for cancellation, nonrenewal or declination; industry and consumer groups debate scope
Summary
Senate Bill 1006 would require insurers to give policyholders and applicants a written explanation of why a policy was declined, canceled or not renewed.
Senate Bill 1006, introduced by Senator Milton, would require insurers to provide a statement explaining the precise incident, circumstance, or risk factors that led to a cancellation, nonrenewal or the declination of coverage, and to specify sources of information used in the decision.
Supporters, including Charles Cascio of AARP Texas and Anne Beador of Texas Appleseed, said written justifications would help older Texans and other consumers understand reasons for nonrenewal or cancellation, avoid coverage lapses and take corrective steps where possible. Cascio told the committee written notices "provide a tangible record reducing confusion and ensuring consumers fully understand the…
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