Oregon Ballot Measure 42 (2006)

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Contents

Oregon Ballot Measure 42 appeared on the November 2006 ballot in Oregon as an initiated state statute, where it was approved.

  • Yes: 746,606 (54.8%)Approved
  • No: 616,876 (45.2%)

Proponents

Bill Sizemore and Grace I. Sizemore

Support

Consumers Union, which is behind Consumer Reports magazine publically supported the measure. Spokesperson Norma Garcia said the initiative "will go a long way to protect insurance consumers in Oregon."

Opposition

Property Casualty Insurers Association of America (PCI) and other insurance industry representatives came out against the measure, saying that consumers will end up paying higher prices for insurance if they are prohibited from calculating rates based on credit scores.

"Today, 60 to 70 percent of Oregonians pay lower insurance premiums because companies use credit scores to help calculate their rates," PCI said. "If Sizemore's measure passes, Oregonians with good credit history would subsidize individuals with bad credit. Consumers may be forced to pay significantly more for their auto or homeowners insurance."

Oregonians Against Insurance Rate Increases also voiced their opposition, citing the same problems as PCI did about the measure.

Campaign finance

Donors for the campaign for the measure:[1]

  • OREGONIANS AGAINST INSURANCE RATE INCREASES: $5,082,836
  • PARENTS EDUCATION ASSOC PAC: $34,154
  • Total: $5,116,990
  • Overall Total: $5,116,990

See also

References

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