75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 377
 
LC 1951/SB 377-6
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 377
 
     By COMMITTEE ON CONSUMER PROTECTION AND PUBLIC AFFAIRS
 
                            April 22
 
  On page 2 of the printed bill, delete lines 4 through 15 and
insert:
  ' (2)(a) If an insurer uses the consumer's credit history or
insurance score at any time in the rating of a personal insurance
policy, the consumer may request, no more than once per insurer
per policy line annually, that the insurer rerate the consumer
according to the standards that the insurer would apply if the
consumer were initially applying for the same insurance policy.
  ' (b) The insurer shall rerate the consumer within 30 days
after receiving a request from the consumer. After rerating the
consumer based upon the request, the insurer may not use credit
information from rerating to increase the premium on any personal
insurance policy the consumer holds. If the consumer qualifies
for a more favorable rating category, the insurer shall reduce
the premiums on all the personal insurance policies the consumer
holds in the related policy line for which the consumer's credit
history and insurance score would entitle the consumer to lower
premiums if the consumer were applying for a new policy. The
effective date of any rate change is the date of the consumer's
request.
  ' (c) If a request to rerate a policy is received within 60
days prior to a renewal date, or if the difference between the
current rate and the improved rate is less than $10, the insurer
may provide the consumer with the difference between the current
rate and the improved rate over the remainder of the current
period as a credit upon renewal. If the policy is canceled or not
renewed, the insurer shall refund the unearned premium. Any
existing claim-related discounts or surcharges shall carry
forward for each rerated policy.'.
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