BB-RNW-0172 HOLD

"(a) If, based in whole or in part on information contained in a credit report, an insurer takes an action resulting in an adverse effect with respect to an applicant for insurance coverage or insured, the insurer shall provide to the applicant or insured within 30 days: (1) written or electronic notice of the action resulting in an adverse effect and the reasons for that action; (2) the name, address, and telephone number of the consumer reporting agency ...; (3) ... notice that the consumer reporting agency did not make the decision ...; (4) ... notice of the applicant's or insured's right to: (A) obtain a free copy of the consumer's credit report ... during the 60-day period after the date of the notice; and (B) dispute ... the accuracy or completeness of any information ... (b) In the notice described by Subsection (a)(1), an insurer shall include a description of not more than four factors that were the primary influences of the action resulting in the adverse effect. (c) The use by an insurer of a generalized term such as 'poor credit history,' 'poor credit rating,' or 'poor credit score' does not constitute sufficient notice under this section ..."

"'Adverse effect' means an action taken by an insurer in connection with the underwriting of insurance for a consumer that results in the denial of coverage, the cancellation or nonrenewal of coverage, or the offer to and acceptance by a consumer of a policy form, premium rate, or deductible other than the policy form, premium rate, or deductible for which the consumer specifically applied."