Legislation
- Title
- Motor Vehicle Insurance - Use of Credit History Rating Policy
- Sponsored by
- Delegate Wells
- Status
- In the Senate - Hearing 3/29 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring, with respect to private passenger motor vehicle insurance, an insurer that uses credit information to provide, on request, certain exceptions to the insurer's rates, ratings classifications, company or tier placement, or underwriting rules or guidelines to certain applicants and insureds whose credit information has been influenced by certain events; requiring an insurer, within 30 days after receipt of documentation of a certain event, to inform the applicant of the outcome of a request for a reasonable exception; etc.
Committees
- Original:
- Economic Matters Click to view Recorded Media
- Opposite:
- Finance Click to view Recorded Media
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2022
History
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File Code
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Subjects
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Statutes
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(
27-501 )
Last Updated: 7/8/2022 2:17 PM