What specific law allows an insurance company to use a credit balance on a prior policy year to offset an outstanding balance on a renewal policy?

Insurance companies are regulated by state laws. Each state has different rules and regulations regarding insurance companies.

To check the laws in your state, you can find contact information on the National Association of Insurance Commissioners Select the "States & Jurisdiction Map" tab on the far left hand side of the screen. When you see the map, click on your state to find the state insurance commissioner's name, mailing address and phone number.

However, if this is an insurance contract or legal issue, please review the situation with your legal department.

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