CO Rep Dan Woog (R-63) on why SB-169 regulating insurance practices is a bad idea
Jun 18, 2021 ·
35m 40s
On the surface, the description of Colorado Senate Bill 169 seems harmless enough: "Concerning protecting consumers from unfair discrimination in insurance practices." But according to Rep. Rep Dan Woog (R-63),...
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On the surface, the description of Colorado Senate Bill 169 seems harmless enough: "Concerning protecting consumers from unfair discrimination in insurance practices." But according to Rep. Rep Dan Woog (R-63), the devil is in the details. The amended statute would prohibit insurance companies from using demographic factors like education, occupation, credit, or gender when determining rates. The consequence? Significant insurance rate hikes for good, safe drivers and many types of professionals. Plus, Rep. Moog contends there are already laws on the books that protect against unfair discrimination in insurance rates against individuals.
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