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Colorado Senate Kills Bill to Prohibit Rate-Setting Based on Inquiries

Ask a question, get a rate increase on your homeowners insurance. That practice is drawing fire from consumers. On February 10, a Colorado State Senate...
February 18, 2004

Ask a question, get a rate increase on your homeowners insurance. That practice is drawing fire from consumers. On February 10, a Colorado State Senate committee voted to postpone indefinitely a bill (S.B. 141) that would have prohibited rate-setting based on homeowner inquiries. In a party-line vote, four Republicans on the Senate Business Affairs and Labor Committee indefinitely postponed consideration of SB 141, sponsored by Sen. Maryanne "Moe" Keller (D), that would have prohibited insurance companies from using inquiries in setting rates. "I believe that it is a breach of trust if my insurance company can raise my premium because I ask a question," Keller said.