1. (a) A written notice provided under section 8(a)(1) or 8(c) of this chapter:

   1. (1) must:

      1. (A) be sufficiently clear; and

      2. (B) use language sufficiently specific;

         to enable the insured to identify the basis for the insurer's decision to make the material change;

   2. (2) must include a description of the principal factors most heavily weighed by an insurer in making a material change, listed in no particular order; and
   3. (3) may provide a point of contact through which the insured may discuss the reasons for the material change.

2. (b) A statement that:

   1. (1) the material change is based on the insurer's internal standards, policies, or models;
   2. (2) the insured failed to achieve a particular score on the insurer's scoring system; or

   3. (3) contains generalized terms, such as "poor credit history", "poor credit rating", or "poor insurance score";

      does not meet the requirements set forth in subsection (a).

3. (c) This section does not require the disclosure of factors that are otherwise disclosed to the insured.

As added by P.L.226-2023, SEC.20.