Introduced
by
To prohibit auto insurers from basing the price of a policy on geographic factors including the claims record in the area where an insured vehicle is garaged; whether the vehicle is used for business, farm or personal use; the number of vehicles the insured person has covered; the amount of insurance on the vehicle; the income of the insured person; the number of dependents covered under the policy; the vehicle make and model; and other factors currently used. Essentially, auto insurance companies would have to set rates almost exclusively on the driving record of the insured person.
Referred to the Committee on Economic Development and Regulatory Reform
