(1) If an applicant fails to maintain prior owner's or operator's security, an insurer may:
- (a) refuse to insure or refuse to continue to insure;
- (b) limit the amount, extent, or kinds of coverage available;
- (c) surcharge the applicant; or
- (d) designate an applicant as a non-standard, sub-standard, or otherwise worse than average risk to place an applicant in a specific insurer or rating tier.
- (2) An insurer shall demonstrate with objective evidence, which may include an applicant's statement, that an applicant failed to maintain prior owner's or operator's security.
KEY: insurance companies
Date of Last Change: November 22, 2021
Notice of Continuation: November 25, 2024
Authorizing, and Implemented or Interpreted Law: 31A-23a-402