Section R590-219-5 - Prohibited Uses of Credit Information An insurer may not use credit information:
(1) to cancel or non-renew a private passenger auto insurance policy that has been in effect for 60 days or more;(2) for initial underwriting, unless risk related factors, other than credit information, are considered;(3) to determine rates as part of a filed rating plan for private passenger auto insurance, except to provide a premium discount or similar reduction in rates and, when an insurer issues a new or renewal policy on or after the effective date of this rule with a discount based on credit, that discount may not be removed or reduced based on credit information only;(4) to cancel or non-renew an existing private passenger auto insurance policy that has been in effect for 60 days or more, nor decline or refuse to issue a new policy or coverage for an additional vehicle owned by the named insured or a person related to the named insured by blood, marriage, adoption, or guardianship, and who is a resident of the named insured's household; or(5) to cancel or non-renew an existing private passenger auto insurance policy that has been in effect for 60 days or more when adding a newly licensed driver related to the named insured by blood marriage, adoption, or guardianship, and who continues to be a resident of the named insured's household.Utah Admin. Code R590-219-5
Amended by Utah State Bulletin Number 2022-17, effective 8/22/2022