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Digest
HB 2515 prohibits insurers from requiring consumers to bundle personal automobile and residential property insurance policies as a condition for coverage. The bill amends the Insurance Code to classify this practice as an unfair method of competition and an unfair or deceptive act in the business of insurance. Specifically, it prevents insurers from using underwriting guidelines or trade practices that force consumers to purchase both types of policies from the same insurer or the insurer’s affiliate.
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