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Bill would limit types of information insurance companies could use to set rates in Colorado
Senate Bill 169 would prohibit insurance companies from using data indicating someone is in a protected class, such as their race, gender or sexual orientation, in determining premium rates.
and last updated 2021-05-13 22:30:03-04
DENVER — Every time you try to get an insurance quote, whether it’s for a car, home or family, companies compile a series of data to try to determine the risk each individual poses.
They use that risk factor to determine how much the monthly rate should be. The goal is to strike a balance between how much insurance companies collect with premiums versus how much they pay out in claims. ....

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