Sec. 6. (a) As used in this chapter, "material change" means: (1) an increase of more than ten percent (10%) over the expiring premium for; or (2) another adverse or unfavorable change in the terms of coverage or amount of; insurance in connection with a personal automobile or homeowner's policy. (b) The term does not include the following: (1) An increase in the insurer's filed rate plan and automatic inflationary increases. (2) An additional premium due to a change initiated by the insured, such as: (A) adding or removing vehicles or drivers; (B) adding an endorsement; (C) adding additional coverages; (D) adding covered premises; or (E) increasing coverage limits or deductibles. (3) An additional premium due to a change in risk exposure as a result of the insured's participation in a usage based or telematics insurance program. (4) Changes resulting from a property inspection.
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