Motor Vehicle Insurance Rates Determination by Zip Codes

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AI Summary: The bill aims to address the issue of motor vehicle insurance rates being determined by zip codes. It proposes provisions to prohibit insurance companies from using zip codes as the sole factor in setting insurance rates. This change is intended to promote fairness and equity in insurance pricing, ensuring that rates are based on individual driving records and other relevant factors rather than geographic location alone. If passed, this bill could lead to more consistent and equitable insurance premiums for drivers across different zip codes.

Latest Action: Filed

Comments Contributions Actions (6) Sponsors (1) Cosponsors (0) Text Versions (1) Roll Calls (0) Amendments (0) View All

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Actions (6):

  • 2023-12-18 : Filed

  • 2024-01-05 : Referred to Insurance & Banking Subcommittee

  • 2024-01-05 : Referred to State Administration & Technology Appropriations Subcommittee

  • 2024-01-05 : Referred to Commerce Committee

  • 2024-01-05 : Now in Insurance & Banking Subcommittee

  • 2024-01-09 : Withdrawn prior to introduction

Text Versions (1):