LEGISLATIVE HEARING: NO-FAULT INSURANCE BEFORE THE INTERIM JOINT COMMITTEE ON BANKING AND INSURANCE
Kentucky's Motor Vehicle Reparations Act has been in effect since July 1, 1975. During the past two years there have been conflicting assessments of the law. Proponents have argued that the law is working and, if anything, should be strengthened. Opponents submit that the law has resulted in higher automobile insurance premiums and should be repealed or should be amended to reverse the election process to require Kentucky motorists to affirmatively consent to no-fault. An assessment of the law by a nationally recognized actuarial firm concluded that Kentucky's no-fault auto insurance law would result in higher premiums. However, the Kentucky Department of Insurance has attacked the credibility of the report because of the data and methodology utilized. The 1976-77 Interim Joint Committee on Banking and Insurance held a hearing on July 21, 1977, to gather information to aid the members of the 1978 Kentucky General Assembly in their deliberations. The testimony presented at the hearing is presented in this bulletin.
- Transcript of public hearing on No-Fault Automobile Insurance held in Frankfort, Ky. on 21 Jul 77.
Kentucky Legislative Research CommissionFrankfort, KY United States 40601
- Publication Date: 1977-11
- Pagination: 38 p.
- TRT Terms: Analysis; Automobile insurance; Automobiles; Costs; Drivers; Injuries; Insurance; Legislation; Loss and damage; No fault insurance; Public hearings
- Uncontrolled Terms: Cost analysis; Lateral pressure
- Geographic Terms: Kentucky
- Subject Areas: Finance; Highways; Law; Safety and Human Factors;
- Accession Number: 00180526
- Record Type: Publication
- Source Agency: National Technical Information Service
- Report/Paper Numbers: Bulletin 125
- Files: TRIS
- Created Date: Aug 19 1978 12:00AM