Political Quotes

Judy Biggert: “Just because someone is low income does not mean that they have poor credit. I think that is not where they are going to…”

On the recordSeptember 18, 2007
Just because someone is low income does not mean that they have poor credit. I think that is not where they are going to have to pay higher premiums, necessarily. It is inevitable in an insurance fund that lower-risk borrowers will subsidize higher-risk borrowers. Refunds of the nature that is in your bill would undercut the concept of insurance, as I said before, being the equivalent of a healthy person requiring a percent refund of his or her insurance premium, or a driver that does not get into an accident requiring their insurance back.
Said by
Judy Biggert
Illinois
Source
govinfo.gov

Editor's note · Context

Discussing the implications of insurance premiums and refunds during a debate.

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