Fair Auto Insurance Ratemaking Reporting to Allow a Transparent Evaluation of Statistics Act of 2019 or the FAIR RATES Act of 2019 This bill directs the Federal Insurance Office (FIO) of the Department of the Treasury to collect private passenger automobile insurance data from certain automobile insurers, federal and state agencies, or other intermediaries. FIO must report on any racial disparities in premium costs and claims payment amounts.
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Business recordsCensus and government statisticsCongressional oversightGovernment information and archivesGovernment studies and investigationsInflation and pricesInsurance industry and regulationLife, casualty, property insuranceMotor vehiclesRacial and ethnic relationsTransportation costs
FAIR RATES Act of 2019
USA116th CongressHR-2684| House
| Updated: 5/10/2019
Fair Auto Insurance Ratemaking Reporting to Allow a Transparent Evaluation of Statistics Act of 2019 or the FAIR RATES Act of 2019 This bill directs the Federal Insurance Office (FIO) of the Department of the Treasury to collect private passenger automobile insurance data from certain automobile insurers, federal and state agencies, or other intermediaries. FIO must report on any racial disparities in premium costs and claims payment amounts.
Business recordsCensus and government statisticsCongressional oversightGovernment information and archivesGovernment studies and investigationsInflation and pricesInsurance industry and regulationLife, casualty, property insuranceMotor vehiclesRacial and ethnic relationsTransportation costs