House Bill 1050
Introduced House Bill (H)
DIGEST
Service charges. Prohibits an insurer from charging an insured a service charge to process an insured's payment that exceeds the actual cost to the insurer to process the insured's payment. Provides that an insurer may not impose a service charge on a method of payment unless the insurer also provides a direct payment option for which there is no service charge.
Service charges. Prohibits an insurer from charging an insured a service charge to process an insured's payment that exceeds the actual cost to the insurer to process the insured's payment. Provides that an insurer may not impose a service charge on a method of payment unless the insurer also provides a direct payment option for which there is no service charge.
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