Motor Vehicle Insurance - Use of Credit History in Rating Policies
Sponsor: Delegate JalisiCommittee: Rules and Executive NominationsSubject: Insurance - Other than HealthStatus: First Reading House Rules and Executive Nominations (as of Nov 6, 2020)
What this bill does
Official synopsis
Prohibiting an insurer, with respect to private passenger motor vehicle insurance, from rating a risk based, in whole or in part, on the credit history of an applicant or insured in any manner; repealing certain provisions of law authorizing an insurer to use the credit history of an applicant or insured to rate a new policy of private passenger motor vehicle insurance subject to certain limitations and requirements; etc.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.