Connecticut House Bill HB06092

Connecticut 2019 Regular Session

• Introduced: 1/24/19
• Refer: 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.