PA 07-5—SB 109

Insurance and Real Estate Committee

Transportation Committee

AN ACT REQUIRING AUTOMOBILE INSURANCE DISCOUNTS FOR DRIVERS SIXTY YEARS OF AGE AND OVER WHO COMPLETE AN ACCIDENT PREVENTION COURSE

SUMMARY: This act decreases, from 62 to 60, the age at which a driver is eligible for an automobile insurance policy premium discount for successfully completing a Department of Motor Vehicles-approved accident prevention course.

By law, the premium discount must be at least 5% and apply for at least 24 months. The driver must complete the course within one year before applying for an initial discount. For any future discount, the driver must complete a course within one year before the current discount expires. The premium discount is effective at the policy's next renewal.

EFFECTIVE DATE: October 1, 2007

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