Allows insurers to use telematics data for private passenger and commercial auto insurance.
This bill permits insurers to collect telematics data, such as vehicle speed and driver habits, for establishing insurance premiums, claims settlement, and rate filings. Insurers can share this data with the insured, with consent, or as required by law. The bill also allows insurers to offer loss prevention programs that incentivize safe driving using telematics. Insurers must disclose any telematics requirements to applicants and policyholders.
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