AN ACT PROHIBITING THE USE OF CREDIT RATINGS TO SET AUTOMOBILE LIABILITY INSURANCE POLICY PREMIUMS.


General Assembly		*Proposed Bill No. 5431*
*January Session, 2009*		LCO No. 1849

Referred to Committee on Insurance and Real Estate
Introduced by:
REP. ROLDAN, 4th Dist.

AN ACT PROHIBITING THE USE OF CREDIT RATINGS TO SET AUTOMOBILE LIABILITY INSURANCE POLICY PREMIUMS.

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

That chapters 700 and 701 of the general statutes be amended to prohibit the use of an applicant's credit rating or credit history as an underwriting criterion for automobile liability insurance policies.

Statement of Purpose:

To prohibit the use of an applicant's credit rating or credit history to set automobile liability insurance policy premiums.