40-5106. Disclosure requirements. If an insurer writing personal insurance uses credit information in underwriting or rating a consumer, the insurer or its agent shall disclose that it may obtain credit information in connection with such application. The insurer shall further notify such consumer that an internal appeal process exists as provided by paragraph (b) of K.S.A. 40-5107, and amendments thereto. The disclosure shall be made either on the insurance application or at the time the insurance application is taken. Such disclosure shall be either written or provided to an applicant in the same medium as the application for insurance. The insurer need not provide the disclosure statement required under this section to any insured on a renewal policy if such consumer has previously been provided a disclosure statement.
History: L. 2003, ch. 88, ยง 7; July 1.
Structure Kansas Statutes
Article 51 - Insurance Score Act
40-5105 Re-underwriting or re-rating consumer, when; overpayment of premium.
40-5106 Disclosure requirements.
40-5107 Adverse action; notice to consumer, contents.
40-5108 Insurance score models, filing required; trade secret.
40-5109 Studies; report to legislature.
40-5110 Indemnification, when required.
40-5111 Prohibition against use of certain information; exceptions.
40-5112 Powers of commissioner.
40-5113 Rules and regulations.
40-5115 Credit information; use by insurers; extraordinary life circumstances; limitations.