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.
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2024-01-09: Withdrawn prior to introduction
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