Introduced
by
To require the Office of Financial and Insurance Services (OFIS) to report every two years on whether a certain level of competition and availability exists in the market for auto insurance in different parts of the state, and if they does not exist in a particular area, impose a plan to create competition or availability, including local price controls, “excess profits regulation,” alternative state rate approval requirements, and mandatory joint underwriting.
Referred to the Committee on Insurance and Financial Services
