(a) A written notice provided under section 8(a)(1) or 8(c) of this chapter:(1) must:(A) be sufficiently clear; and(B) use language sufficiently specific;to enable the insured to identify the basis for the insurer's decision to make the material change;(2) must include a description of the principal factors most heavily weighed by an insurer in making a material change, listed in no particular order; and(3) may provide a point of contact through which the insured may discuss the reasons for the material change.(b) A statement that:(1) the material change is based on the insurer's internal standards, policies, or models;(2) the insured failed to achieve a particular score on the insurer's scoring system; or(3) contains generalized terms, such as 'poor credit history', 'poor credit rating', or 'poor insurance score';does not meet the requirements set forth in subsection (a).(c) This section does not require the disclosure of factors that are otherwise disclosed to the insured.As added by P.L.226-2023, SEC.20.
Indiana Legal Code