Relating to the premium surcharge certain automobile insurers are required to assess against an insured convicted of certain offenses.
Impact
The impact of SB 1490 on state laws is significant as it establishes clear guidelines for how insurers can address high-risk drivers. By legislating a mandatory surcharge associated with DUI convictions, the bill empowers insurance companies to reflect the increased risk of insuring individuals with such offenses on their records. As a result, it enhances the regulation of automobile insurance practices within Texas and aims to encourage safer driving habits among residents.
Summary
Senate Bill 1490, enacted in Texas, modifies the Insurance Code to require automobile insurers to impose a premium surcharge on insured individuals convicted of specific offenses, particularly those related to operating a vehicle while intoxicated. The bill clarifies that the surcharge can be applied for a period of up to three years following the conviction. Its main intention is to hold drivers accountable for impaired driving offenses and enhance road safety by discouraging such behavior through financial penalties.
Sentiment
The sentiment around SB 1490 appears overwhelmingly positive, particularly among proponents of stricter regulations on impaired driving. Supporters argue that the bill is a crucial step towards reducing drunk driving incidents and associated accidents, thereby fostering a safer driving environment in Texas. The absence of dissenting votes in both the Senate and House indicates a strong bipartisan agreement on the necessity of addressing the issue of vehicular safety and ensuring accountability among offenders.
Contention
While the voting history reflects unanimous support, there may be underlying concerns regarding the financial burden imposed by such surcharges on low-income individuals who may already be struggling financially. Critics of similar policies often highlight the disproportionate impact on marginalized communities, suggesting that while the bill aims to improve public safety, it could inadvertently create barriers for those already facing economic challenges related to transportation and insurance access.
Relating to a pool for certain individuals with claims against persons excluded from coverage by certain automobile insurance policies; authorizing an assessment.
Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment, a surcharge, and an infrastructure grant.