D.C. Mun. Regs. tit. 26, r. 26-A5001

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-A5001 - USE OF CLAIMS HISTORY - NEW BUSINESS

5001.1

In determining whether to issue a homeowners' insurance policy on a property not previously owned by the applicant, an insurer shall not base an adverse underwriting decision solely on the loss history of a previous owner of the property to be insured.

Source: Notice of Emergency and Proposed Rulemaking published at 50 DCR 9269 (October 31, 2003)[EXPIRED]; as amended by Notice of Emergency and Proposed Rulemaking published at 51 DCR 987 (January 23, 2004)[EXPIRED]; as amended by Notice of Final Rulemaking published at 51 DCR 3880, 3881 (April 16, 2004)

Authority: The Commissioner of the Department of Insurance, Securities and Banking, pursuant to the authority set forth in section 125 of the Insurance Trade and Economic Development Act of 2000, effective April 3, 2001 (D.C. Law 13-265; D.C. Official Code § 31-2231.25 (2001)).