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WYOMING BILL WOULD FORCE REPORTING WHEN POLICIES LAPSE.


A bill in the Wyoming Legislature would require insurers to report cancellations, non-renewals and issuance of auto liability policies within 10 days.

Insurers oppose the bill, SF0020, on grounds it would increase costs without achieving the desired goal of reducing the number of those driving without insurance. They say the added reporting requirements also might cause some companies to quit writing business in the state.

Sam Sorich, vice president and western region manager for the Property Casualty Insurers Association of America, says states too often incorrectly identify insured drivers as uninsured when they check records.

"Worst of all, insured drivers end up 'paying' in three ways," he adds. "They pay for their own insurance protection - which does include protection in the event of an accident caused by an uninsured driver - and they also pay increased insurance costs and often higher registration and licensing fees."

COPYRIGHT 2004 JR Publishing, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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