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Legislation watch

2014 House Bill 5528: Mandate minimum aggregate auto insurance claim payouts
  1. Introduced by Rep. Thomas Stallworth, III (D) on May 6, 2014, to mandate that auto insurers pay out at least 80 percent of their annual premium revenue in claims, and if they don’t then give customers a pro-rated refund for the balance.   Full Text and Analysis.
    • Referred to the House Insurance Committee on May 6, 2014.