(a) If it is determined through the dispute resolution process set forth in section 1681i(a)(5) of the Fair Credit Reporting Act, 15 U.S.C. ยง 1681 et seq., that the credit information of a current insured was incorrect or incomplete and if the insurer receives written notice of the determination from either the consumer reporting agency or from the insured, the insurer shall reunderwrite and rerate the consumer within thirty (30) calendar days of receiving the notice.
(b) After reunderwriting or rerating the insured, the insurer shall make any necessary adjustments consistent with its underwriting and rating guidelines.
(c) If an insurer determines that the insured has overpaid a premium, the insurer shall refund to the insured the amount of overpayment.
Section: Previous 23-67-402 23-67-403 23-67-404 23-67-405 23-67-406 23-67-407 23-67-408 23-67-409 23-67-410 23-67-411 23-67-412 23-67-413 23-67-414 23-67-415 NextLast modified: November 15, 2016