WASHINGTON (Mar. 4, 2020) – Elizabeth Kelleher Dwyer, Superintendent of the Division of Insurance, Rhode Island Department of Business Regulation, testified before Congress at an oversight hearing regarding the regulation of auto insurance discrimination.
The hearing was held before the subcommittee on Housing, Community Development and Insurance, U.S. House Committee on Financial Services. The committee heard testimony that explored issues related to potential discriminatory premiums, practices, and policies in the auto insurance industry.
"States have the enforcement authority, data, expertise, and understanding of local market dynamics critical to auto insurance and are in the best position to determine regulatory and legislative approaches to address any discriminatory practices," said Dwyer. "For these reasons, the NAIC opposes federal legislation that would preempt state insurance regulatory authority in these crucial areas and limit a state’s flexibility to regulate such practices in a manner it deems appropriate for its auto insurance market."
Dwyer testified on behalf of the NAIC. To read Superintendent Dwyer's testimony, click here.
