BILL · 2003–04 SESSION

SB 6381: Credit based rating plans

Requiring all insurers to file credit based rating plans.

Summary

  • The requirement to file rates and rating plans with the OIC is clarified. Each insurer that uses credit history or an insurance score to determine personal insurance rates, premiums or eligibility for coverage must file all rates and rating plans with the OIC. This requirement applies to affiliated insurers, as well as single insurers.

From the Senate Bill Report (SB 6381), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 19, 2004
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 19, 2004 in the Senate
Last action
January 19, 2004
Requested by
Other
Companion bill
HB 2727
Budget
Has a fiscal note

AN ACT Relating to requiring all insurers to file credit based rating plans;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Financial Services, Insurance & Housing.

SB 6381 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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