WHEREAS, Insurance Industry serves a legitimate societal purpose of providing risk sharing for customers that desire protective liability coverage for home-owners, home-rental, small business/commercial, flood insurance and other areas of economic risk; and
WHEREAS, home-owners and home-renters and small business owners purchase insurance liability policies for the purpose of protecting against damage, loss, destruction or theft of property; and
WHEREAS, home-owners or home-renters and small businesses seeking new insurance coverage, renewals or changes of existing insurance coverage and services from insurance companies are often denied new, additional or changes in insurance policy coverage predicated on prior filing(s) of claim(s); now
THEREFORE, BE IT RESOLVED, that the NAACP calls upon the U.S. Congress and, throughout its units, the various State Legislatures to strongly support protective legislation that prevents the Insurance Industry from not extending coverage based upon solely the number of claim incidences reported by customers; and
BE IT FINALLY RESOLVED, that the NAACP shall urge Congress and State Legislatures to enact laws that would impose meaningful disciplinary remedies and monetary penalties against Insurance companies that engage in these unethical early cancellation practices and incidents related cancellation practices.