§ 11-214. Statement of rate classifications

Latest version.

   (a) In general. -- Each insurer that provides a private passenger automobile insurance policy shall provide to the policyholder at the time of issuance or renewal of the policy a statement that:

   (1) defines the policyholder's rate classifications; and

   (2) if the insurer is an authorized insurer, includes a summary, in a form approved by the Commissioner, of the insurer's approved surcharge plan or driver record point plan for that policy.

(b) Effect of statement. -- The statement must be sufficiently clear and specific so that an individual of average intelligence can identify the classifications without making further inquiry.

HISTORY: An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2.

                    
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