Bill Text: CT SB00237 | 2015 | General Assembly | Introduced

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Bill Title: An Act Prohibiting The Use Of Price Optimization By Automobile Insurance Companies.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-01-21 - Referred to Joint Committee on Insurance and Real Estate [SB00237 Detail]

Download: Connecticut-2015-SB00237-Introduced.html

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General Assembly		Proposed Bill No. 237
January Session, 2015		LCO No. 2765
		*02765*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
SEN. OSTEN, 19th Dist.

AN ACT PROHIBITING THE USE OF PRICE OPTIMIZATION BY AUTOMOBILE INSURANCE COMPANIES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That title 38a of the general statutes be amended to prohibit automobile insurance companies from using price optimization to set private passenger nonfleet automobile insurance rates or increase such rates without cause, and to require any such company that is determined to have used price optimization to set an insured's rate to provide a rebate to such insured.

Statement of Purpose:

To prohibit automobile insurance companies from using price optimization to set private passenger nonfleet automobile insurance rates or increase such rates without cause, and to require any such company that is determined to have used price optimization to set an insured's rate to provide a rebate to such insured.