Substitute for Raised H.B. No. 5014
Session Year 2010


To clarify the method and allocation of certain expenses to base rates for automobile insurance policies, to specify the ratio of individual territorial loss cost data to the state-wide average loss cost data, to prohibit the use of an applicant's credit history or credit rating as a criterion in setting motor vehicle insurance premiums or in the declination, cancellation or nonrenewal of an automobile insurance policy, to direct the Insurance Commissioner to adopt regulations concerning rating plans, to require insurers to provide notice to a lienholder when an automobile insurance policy is cancelled, to require valid registration and proof of insurance to be presented before an impounded vehicle can be released, to allow additional publicly available automobile industry sources to be used to determine the retail value of a motor vehicle that has been declared to be a constructive loss and to specify information insurers must provide to claimants, and to increase the interest rate included in certain insurance arbitration awards.

Introduced by:
Insurance and Real Estate Committee

 New today  2-4 days old  5 days & older

Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 5/5/2010Signed by the Governor
 4/30/2010Transmitted to the Secretary of State
 4/29/2010(LCO)Public Act 10-7
 4/21/2010On Consent Calendar / In Concurrence
 4/21/2010Senate Passed
 4/14/2010Senate Calendar Number 371
 4/14/2010Favorable Report, Tabled for the Calendar, Senate
 4/13/2010Rules Suspended, Transmitted to the Senate
 4/13/2010House Passed
 3/3/2010(LCO)File Number 9
 3/3/2010House Calendar Number 24
 3/3/2010Favorable Report, Tabled for the Calendar, House
 3/3/2010(LCO)Reported Out of Legislative Commissioners' Office
 2/25/2010(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/02/10 5:00 PM
 2/16/2010(LCO)Filed with Legislative Commissioners' Office
 2/11/2010(INS)Joint Favorable
 2/5/2010Public Hearing 02/09
 2/3/2010Referred to Joint Committee on Insurance and Real Estate

Co-sponsors of HB-5014

Rep. Kelvin Roldan, 4th Dist.
Rep. Toni E. Walker, 93rd Dist.
Rep. Michelle L. Cook, 65th Dist.
Rep. Catherine F. Abercrombie, 83rd Dist.
Rep. Andres Ayala, 128th Dist.
Rep. Ezequiel Santiago, 130th Dist.
Rep. Bruce V. Morris, 140th Dist.
Rep. Juan R. Candelaria, 95th Dist.
Rep. Hector L. Robles, 6th Dist.
Rep. Kenneth P. Green, 1st Dist.
Rep. Louis P. Esposito, 116th Dist.
Sen. Thomas A. Colapietro, 31st Dist.
Sen. Bob Duff, 25th Dist.
Rep. Joseph C. Serra, 33rd Dist.
Sen. Joseph J. Crisco, 17th Dist.
Rep. Elizabeth H. Esty, 103rd Dist.

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