2007 House Bill 4993

Impose new auto insurance company regulations

Introduced in the House

June 28, 2007

Introduced by Rep. Virgil Smith (D-7)

To require auto insurance companies to submit to the state insurance commission complete data on premiums, aggregate claims and payments, risk assessment and premium pricing practices, profits, and much more; and prohibit insurers from raising rates without permission in advance from the commission, subject to public hearings.

Referred to the Committee on Insurance

April 10, 2008

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

April 16, 2008

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 59 to 49 (details)

Motion by Rep. Kathy Angerer (D-55)

To give the bill immediate effect.

The motion failed 60 to 48 (details)

Received in the Senate

April 22, 2008

Referred to the Committee on Economic Development and Regulatory Reform