Del. Commissioner Fines State Farm $150,000
Targeted News Service |
As a result of a recently completed Market Conduct Examination performed by
Following State Farm's decision to not renew 509 of its more than 127,000 property policies in
The Market Conduct Examination determined there was no unfair discrimination in
Under an agreement between
* review its procedures to ensure that the cancellation or non-renewal notice contains information advising the insured that the insured may file a written complaint about the cancellation with the DDOI,
* review its procedures to ensure the specific reason for non-renewal is provided on non-renewal notices,
* review its procedures regarding accepting and writing new business that may be contrary to its established underwriting guidelines, and
* review its procedures regarding maintaining correct and complete property addresses to ensure underwriting decisions based on location are applied fairly and consistently.
"We take our responsibilities to
TNS MT93 121216-4142501 61MarlizTagarum
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