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HOUSE BILL NO. 557
INTRODUCED BY V. COURT
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING INSURANCE LAWS TO REQUIRE AN INSURER TO PAY FOR A PERSON OVER 55 YEARS OF AGE WHO HAS ELECTED TO TAKE A HIGHWAY TRAFFIC SAFETY PROGRAM; AND AMENDING SECTION 33-16-222, MCA."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 33-16-222, MCA, is amended to read:
"33-16-222. Requirement for rate reduction. (1) Any rates, rating schedules, or rating manuals for liability, bodily injury, or collision coverages of a motor vehicle insurance policy filed with the insurance department must provide for an appropriate premium reduction as determined by the insurer for an insured operator of a covered vehicle who is 55 years of age or older and who has successfully completed a highway traffic safety program as provided by 61-2-102 and 61-2-103.
(2) In addition to providing a premium reduction, an insurer may must reimburse the fee for participating voluntary participation in the highway traffic safety program.
(3) The premium reduction used by the insurer is presumed appropriate unless credible data demonstrates otherwise."
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Latest Version of HB
557 (HB0557.01)
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