Section 2803. Dispute resolution and error correction  


Latest version.
  • If it is determined
      through the dispute resolution process set forth  in  the  federal  Fair
      Credit Reporting Act, 15 USC 1681i(a)(5), that the credit information of
      a  current  insured  was  incorrect  or  incomplete  and  if the insurer
      receives notice of such determination from either the consumer reporting
      agency or from the insured, the insurer shall re-underwrite and  re-rate
      the  consumer  within  thirty  days  of  receiving  such  notice.  After
      re-underwriting or re-rating the insured, the  insurer  shall  make  any
      adjustments  necessary,  consistent  with  its  underwriting  and rating
      guidelines. If an insurer  determines  that  the  insured  has  overpaid
      premium,  the  insurer  shall  refund  to  the  insured  the  amount  of
      overpayment calculated back to the last thirty-six  months  of  coverage
      provided by such insurer.