2007 House Bill 5480

Authorize ‘excessive rate” lawsuits by insurance customers

Introduced in the House

Nov. 28, 2007

Introduced by Rep. Bert Johnson (D-5)

To authorize lawsuits by customers of insurance companies claiming that rates are “excessive,” and repeal a provision of the insurance code that limits the state insurance bureau to determine that there not is a “reasonable degree” of competition for the particular type of insurance before it can declare a company’s rates “excessive”.

Referred to the Committee on Insurance