2009 House Bill 4070

Prohibit insurance price hike during term of paid-up policy ("rescission")

Introduced in the House

Jan. 22, 2009

Introduced by Rep. Tory Rocca (R-30)

To prohibit an auto or home insurer from increasing the premium during the term of a policy once the premium has been paid in part or in full, unless the premium was based on incorrect information provided by the insured.

Referred to the Committee on Insurance

April 30, 2009

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 63 to 46 (details)

Received in the Senate

May 5, 2009

Referred to the Committee on Economic Development and Regulatory Reform