Sec. 38a-987. (Formerly Sec. 38-512). Insurer prohibited from considering previous adverse underwriting decision or past residual market mechanism coverage.
Sec. 38a-987. (Formerly Sec. 38-512). Insurer prohibited from considering
previous adverse underwriting decision or past residual market mechanism coverage. No insurance institution or agent shall base an adverse underwriting decision in
whole or in part:
(1) On a previous adverse underwriting decision or on the fact that an individual
previously obtained insurance coverage through a residual market mechanism, provided
an insurance institution or agent may base an adverse underwriting decision on further
information obtained from an insurance institution or agent responsible for a previous
adverse underwriting decision;
(2) On personal information received from an insurance-support organization
whose primary source of information is an insurance institution, provided an insurance
institution or agent may base an adverse underwriting decision on further personal information obtained as the result of information received from an insurance-support organization.
(P.A. 81-368, S. 13, 25; P.A. 02-24, S. 10; P.A. 08-110, S. 7.)
History: Sec. 38-512 transferred to Sec. 38a-987 in 1991; P.A. 02-24 substituted Subdiv. designators "(1)" and "(2)"
for "(a)" and "(b)"; P.A. 08-110 made a technical change, effective May 27, 2008.