Virginia House Bill 355 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 10 2012 - 25% progression, died in committee
Action: 2012-02-14 - House: Left in Commerce and Labor (0-Y 0-N)
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Automobile insurance policies; use of credit and driving record information. Prohibits insurers from nonrenewing, cancelling, increasing any charge, or taking other adverse action regarding motor vehicle insurance on the basis of a person's credit history or credit score if the person has a perfect driving record, which is defined as not having a motor vehicle operator's license suspended or revoked, not being convicted of a moving traffic violation, not having a motor vehicle accident or filing a claim in which the person was at fault, within the preceding three years. The measure also authorizes an insured to have their insurer reevaluate the insured based on corrected driving record information. Finally, the measure directs the Bureau of Insurance of the State Corporation Commission to compile and review all reputable studies that address the extent to which (i) automobile insurance credit scoring models based on credit information, credit scores, or similar financial information are effective predictors of risk and (ii) any such additional risk is appropriately reflected in rates for such insurance and to recommend changes to ensure that the use of automobile insurance credit scoring models does not result in rates that are higher than is required to account for additional risk.

Automobile insurance policies; use of credit and driving record information.

Sen. Jennifer McClellan [D]

Del. Robert Tata [R]

2012-02-14 - House - House: Left in Commerce and Labor (0-Y 0-N) (Y: 0 N: 0 NV: 23 Abs: 0) [FAIL]

Date	Chamber	Action
2012-02-14		House: Left in Commerce and Labor (0-Y 0-N)
2012-02-02		House: Subcommittee recommends passing by indefinitely by voice vote
2012-01-19		House: Assigned C & L sub: #2
2012-01-10		House: Referred to Committee on Commerce and Labor
2012-01-10		House: Prefiled and ordered printed; offered 01/11/12 12100359D

Chapter	Article	Section	Citation Type	Statute Text
38	2	2212	(n/a)	See Bill Text
38	2	2213	(n/a)	See Bill Text
38	2	2234	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB355
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB355+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H14V0090+HB0355