Statement of Christian J. Rataj
State Affairs Manager
National Association of Mutual Insurance Companies
“HB 11 amends state law to allow an insurer the optionof not renewing an automobile insurance policy, if the motor vehicle is registered in a jurisdiction other than Idaho. The bill does notallow for the cancellation of the automobile insurance contract during the policy term, even if there is a mid-term change in the jurisdiction of the motor vehicle registration.
“NAMIC submitted a fact sheet in support of the bill to the House Business Committee because HB 11 promotes accuracy in underwriting risk and will protect Idaho insurance consumers from having to subsidize the automobile insurance rates of consumers who want to ‘game the system’ by purchasing Idaho automobile insurance for a vehicle they register and use in another state that has higher insurance costs.”
Contact: Lisa Floreancig
Public Affairs Director - State & Policy Affairs
Posted: Tuesday, January 29, 2013 9:26:38 AM. Modified: Tuesday, January 29, 2013 9:27:31 AM.
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