Introduced
by
To eliminate the requirement that in order for the state Insurance Commission to find an auto or homeowners insurance policy price to be “unreasonably high” it must first determine that a “reasonable degree” of competition does not exist in the market for the particular line of insurance. This would reduce the limitations on the state ordering an insurer lower to its premium rates (or withdraw from the market), and is part of a Democratic insurance regulation package.
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 57 to 50 (details)
Motion
by
To give the bill immediate effect.
The motion failed 57 to 50 (details)
Referred to the Committee on Economic Development and Regulatory Reform
