HOUSE BILL 1662 |
HOUSE AUTHOR: Counts |
EFFECTIVE: Vetoed |
SENATE SPONSOR: Sibley |
House Bill 1662 amends the Insurance Code to prohibit certain county mutual insurance companies from using a policy rate on automobiles that is lower than the highest rate allowed under the flexibility band. This prohibition applies only to a county mutual insurance company that is controlled by a holding company that also controls another insurance company that writes automobile insurance policies.