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| | POA Pushes Texas Anti-Cherry Picking Bill |
 | | Policyholders of America (POA), a consumer interest group, announced it has secured enough support from Texas legislators to initiate the drafting of nine insurance-related bills to be considered in the 2003 legislative session. |
 | | One proposed bill, an anti-cherry picking measure, would allow an insurance company to abandon the less profitable homeowners market if and only if the insurer withdraws from the state in its entirety, meaning a withdrawal from more lucrative auto, commercial, life, liability, health and other lines. |
 | | The POA noted that this proposed legislation, if passed, would put a stop to the ongoing threats of market withdrawal now being lobbed at regulators by insurance carriers. |
| www.insurancejournal.com /news/southcentral/2002/09/27/23355.htm (469 words) |
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