In this section, “increase in a policy premium” includes an increase in premium due to: a surcharge; retiering or other reclassification of an insured; or removal or reduction of a discount. Each insurer that provides a private passenger automobile insurance policy shall provide to the policyholder at the time of issuance or renewal of the policy a statement that: defines the policyholder’s rate classifications; if the insurer is an authorized insurer includes a summary, in a form approved by the Commissioner, of the insurer’s approved surcharge plan or driver record point plan for that policy; and includes a section that provides a general description of the factors, including credit information if applicable, that may cause or contribute to an increase in a policy premium. The statement must be sufficiently clear and specific so that an individual of average intelligence can identify the classifications without making further inquiry. An insurer that markets private passenger automobile insurance through insurance producers shall make available to its producers a copy of the statement required under this section.