Utah Admin. Code R590-219-5 - Prohibited Uses of Credit Information
An insurer may not use credit information:
(1) to cancel or non-renew a private
passenger auto insurance policy that has been in effect for 60 days or
more;
(2) for initial underwriting,
unless risk related factors, other than credit information, are
considered;
(3) to determine rates
as part of a filed rating plan for private passenger auto insurance, except to
provide a premium discount or similar reduction in rates and, when an insurer
issues a new or renewal policy on or after the effective date of this rule with
a discount based on credit, that discount may not be removed or reduced based
on credit information only;
(4) to
cancel or non-renew an existing private passenger auto insurance policy that
has been in effect for 60 days or more, nor decline or refuse to issue a new
policy or coverage for an additional vehicle owned by the named insured or a
person related to the named insured by blood, marriage, adoption, or
guardianship, and who is a resident of the named insured's household;
or
(5) to cancel or non-renew an
existing private passenger auto insurance policy that has been in effect for 60
days or more when adding a newly licensed driver related to the named insured
by blood marriage, adoption, or guardianship, and who continues to be a
resident of the named insured's household.
Notes
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