S. 1989, Insurance Policy Transfer Act And Insurance Redlining : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Third Congress, Second Session, May 26, 1994

Cover S. 1989, Insurance Policy Transfer Act And Insurance Redlining : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Third Congress, Second Session, May 26, 1994
S. 1989, Insurance Policy Transfer Act And Insurance Redlining : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Third Congress, Second Session, May 26, 1994
United States. Congress. Senate. Committee On Commerce, Science, And Transportation
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These dis- crepancies are related to a whole host of socioeconomic cir- cumstances faced by people who work and live in urban areas, and which also increase tne cost of insurance.
Outright racial or ethnic discrimination also may occur. We hope that it is infrequent. We know that it is a violation of both Federal and State law. We advocate stringent prosecution wherever it is found. These discrepancies, whether they are caused by economics or by discrimination, must be addressed.
It is cold com
...fort to the citizens for whom insurance is unavail- able to explain to them the reasons why the problem exists. We be- lieve it is time to start attacking these problems head-on, and the meetings that we have been having with State regulators, includ- ing the one we have had recently with Commissioner Hunter that he referenced, is an effort by the industry to do just that.
It is impossible to say that there is not one underwriter or one agent or one insurer out there who is illegally discriminating in the selling of insurance.


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