Connecticut 2019 Regular Session

Connecticut House Bill HB06092

Introduced
1/24/19  
Introduced
1/24/19  

Caption

An Act Prohibiting Insurers From Considering No Fault Accidents In Setting Motor Vehicle Liability And Physical Damage Insurance Premiums.

Impact

The bill, if enacted, would require amendments to section 38a-686 of the general statutes. Currently, insurers might impose surcharges on premiums even when the insured party was not at fault in an accident. By prohibiting such considerations, the bill seeks to create a more equitable insurance landscape where drivers only pay for risks associated with their own driving behavior. It is anticipated that this could lead to lower premiums for certain drivers, particularly those who are involved in no fault accidents.

Summary

House Bill 06092 is designed to change how insurers calculate premiums for motor vehicle liability and physical damage insurance. The core provision of the bill is that it prohibits insurers from taking into account no fault accidents when determining these insurance premiums. This initiative aims to alleviate the financial impact on individuals who have been involved in accidents where they were not at fault, ensuring their premiums are reflective of their individual driving record and circumstances rather than incidents beyond their control.

Contention

While the primary objective of HB 06092 is to protect consumers from unjust surcharges, there may be contention regarding the potential financial implications for insurance providers. Opponents of the bill may argue that removing the allowance for insurers to factor in no fault accidents could lead to an increase in base premiums for all policyholders in order to compensate for potential losses. There may also be concerns about the broader impact on the insurance market and the fairness of premium calculations as a whole.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00184

An Act Concerning The Renting Or Leasing Of Passenger Motor Vehicles.

CT HB05327

An Act Revising Motor Vehicle Statutes Concerning Towing Occupied Vehicles And The Operation And Inspection Of School Buses.

CT SB00322

An Act Concerning Motor Vehicle Protection Products.

CT HB05465

An Act Requiring The Insurance Commissioner To Conduct A Study Of Usage-based Automobile Liability Insurance Programs For New Drivers In This State.

CT HB05503

An Act Concerning Insurance Market Conduct And Insurance Licensing, The Insurance Department's Technical Corrections And Other Revisions To The Insurance Statutes And Captive Insurance.

CT SB00501

An Act Concerning Motor Vehicle Assessments For Property Taxation, Innovation Banks, The Interest On Certain Tax Underpayments, The Assessment On Insurers, School Building Projects, The South Central Connecticut Regional Water Authority Charter And Certain State Historic Preservation Officer Procedures.

CT SB00183

An Act Implementing The Recommendations Of The Department Of Motor Vehicles And Concerning Low-speed Vehicles, The Towing Of Occupied Vehicles, School Buses, Electric Commercial Vehicles, The Passenger Registration Of Pick-up Trucks And Removable Windshield Placards For Persons Who Are Blind And Persons With Disabilities.

CT SB00403

An Act Concerning Insurance Market Conduct And Insurance Licensing.

CT HB05209

An Act Concerning Long-term Care Insurance Premium Rates.

CT HB05172

An Act Concerning The Assessment Of Motor Vehicles For Property Taxation.

Similar Bills

No similar bills found.