The bill aims to address auto insurance cost disparities in low- and moderate-income communities by requiring insurers to consider additional factors beyond driving records when determining rates. It seeks to promote fairness in pricing and ensure that individuals in these communities are not unfairly burdened with high insurance costs. The bill proposes changes to how insurance rates are calculated to reduce disparities and provide more affordable coverage options for residents of traditionally underserved areas.
2023-02-16: Referred to the Joint Committee on Financial Services
2023-02-16: Senate concurred
2023-09-27: Hearing scheduled for 10/03/2023 from 10:00 AM-05:00 PM in A-1
2024-05-30: Accompanied a study order, see H4691
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