EXCERPTS:
"BATON ROUGE -- Legislation that would bar insurance companies from assessing a penalty on policyholders who cancel their insurance before its expiration date has cleared a Senate committee and is now awaiting action by the full Senate.
"McPherson's bill also would require that within 30 days of a policyholder's cancellation, the company must rebate to the customer a pro-rated share of the premium. "I don't think people should be penalized if they find a better deal," Campbell said.
