Relating to information permitted for insurer's decisions concerning motor vehicle liability insurance; prescribing an effective date.
Catchline/Summary:
Directs insurer to consider only specified information in determining rates for motor vehicle liability insurance policy. Directs insurer to consider only specified information in determining rates for motor vehicle liability insurance policy. Prohibits insurer from considering other specified information in determining eligibility, rates or premiums for motor vehicle liability insurance policy.
Permits insurer, under specified circumstances, to consider abstract of individual's nonemployment driving record when evaluating individual's application to obtain or renew motor vehicle liability insurance.
Prohibits insurer from using credit history to determine eligibility, rates or premiums for motor vehicle liability insurance.
Becomes operative on January 1, 2024.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 2920 House Committee On Business and Labor
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