LD 368 LR 498(01)
An Act Regarding Circumstances Under Which an Automobile Insurer May Decline to Renew a Policy
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Libby of Cumberland
Committee: Health Coverage, Insurance and Financial Services
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
Minor cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
Additional costs to the Department of Professional and Financial Regulation, Bureau of Insurance, associated with modifying the circumstances under which an automobile insurer may decline to renew a policy are expected to be minor and can be absorbed within existing budgeted resources.