Bill > HB05465

This bill requires the Insurance Commissioner to conduct a study of usage-based automobile liability insurance programs for new drivers in this state. The study would assess the feasibility of requiring insurers to offer new drivers a 20% premium reduction if they allow the insurer to monitor their driving habits through a mobile application for one year. The Insurance Commissioner must submit a report on the findings of the study to the legislative committee on insurance by January 1, 2025. The bill defines a "usage-based automobile liability insurance program" as an agreement between a new driver and an insurer that allows the insurer to monitor various aspects of the driver's driving habits, such as time of day, miles driven, speed, and acceleration, through a mobile application for one year.

Business and Industry

Insurance and Real Estate Committee (Joint)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05465&which_year=2024