HB2058 - Tennessee: Consumer Protection, Insurance Companies, Agents, Brokers, Policies

Companion Bill SB1989. Insurance Companies, Agents, Brokers, Policies - Makes it an unfair insurance practice and a violation of the Consumer Protection Act for an insurance company to use an individual's credit information to underwrite, cancel, or refuse a new risk or increase premiums on a policy. - Amends TCA Title 47 and Title 56. Fiscal Summary for HB2058 / *SB1989State Revenues - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB2058 / *SB1989 This bill classifies the use of a consumer's credit information by an insurer in any manner to underwrite, cancel, refuse a new risk, or to increase premiums on a policy as an unfair method of competition or unfair or deceptive act or practice in [...]

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