Introduced
by
To create a government "Make Insurance Affordable And Accessible Task Force" to examine and make recommendations regarding the affordability and availability of automobile insurance relative to average family income in all areas of the state, especially Detroit. The task force would also investigate ways to increase the affordability and availability of automobile insurance by looking at how it is marketed and priced around the state; the use in setting rates of territorial ratings, credit scoring and other premium discounts, driving records; the impact of insurance loss ratios and profit margins, average cost of claims, cost of mandatory benefits; and methods to reduce automobile insurance premiums, including group pooling and insurance reciprocal exchanges.
Referred to the Committee on Banking and Financial Institutions
