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Can an insurance company non-renew a homeowners policy based on information in a credit report?

April 26, 2017based COMPANY credit report homeowners Insurance non-renew policy

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Can an insurance company non-renew a homeowners policy based on information in a credit report?

1 Answer

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As of January 1, 2004, insurance companies cannot non-renew a homeowners policy solely based on information from a credit report, for having no credit history or for having an adverse credit history due to medical bills. Reference: Florida Statute 626.9741 and Florida Administrative Code 69B-125.