Plain English Breakdown
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
ESTABLISHING AN AUTOMOBILE INSURANCE REFORM TASK FORCE FOR THE DEVELOPMENT OF CONSUMER COST-SAVING LEGISLATION, REGULATIONS, AND POLICIES.
ESTABLISHING AN AUTOMOBILE INSURANCE REFORM TASK FORCE FOR THE DEVELOPMENT OF CONSUMER COST-SAVING LEGISLATION, REGULATIONS, AND POLICIES.
What This Bill Does
- ESTABLISHING AN AUTOMOBILE INSURANCE REFORM TASK FORCE FOR THE DEVELOPMENT OF CONSUMER COST-SAVING LEGISLATION, REGULATIONS, AND POLICIES.
- This Concurrent Resolution establishes the Automobile Insurance Reform Task Force (“Task Force”).
- The General Assembly is creating the Task Force to address rising costs relating to automobile insurance both in private passenger and commercial markets.
- Rates have risen in actuarially justified manner due to a number of factors including increasing commonality of expensive vehicle technology, supply shortages, inflation and tariffs, rising health care costs, and significant insurer loses during climate events.
Limits and Unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.