§ 27-907. Private passenger motor vehicle insurance -- Discount in rate

Latest version.

An insurer that issues or renews a private passenger motor vehicle insurance policy in the State shall give an actuarially justified discount in rate to each individual who has completed the immediately preceding 3 years of continuous coverage with that insurer without a moving traffic violation, with not more than one point, and with no chargeable traffic accident.

HISTORY: An. Code 1957, art. 48A, § 240K; 1997, ch. 35, § 2.

                    
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