Establishes a distinct territory for rating private passenger nonbusiness automobile insurance policies for a specific city and requires a review of.
The bill amends the insurance law to establish a distinct territory for rating private passenger nonbusiness automobile insurance policies for a city with a population between 19,040 and 25,000, which is geographically contiguous to a city with a population between 292,648 and 350,000. It mandates the superintendent to review current territory definitions, focusing on changing demographics, borderline zip codes, territorial groupings, and alternative approaches to achieving homogeneity.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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