Bill > S06685

This bill prohibits motor vehicle insurers from using certain socioeconomic factors, such as age, marital status, sex, sexual orientation, educational background, employment status, income level, credit information, and real property ownership, in determining the algorithms, coverage terms, premiums, or rates for their insurance policies. The bill makes it unlawful for insurers to consider these factors to adjust their actuarial tables, make distinctions or discrimination in premiums or coverage, demand higher premiums, or refuse to issue, renew, or sell a policy. The bill aims to prevent discrimination based on socioeconomic status in the motor vehicle insurance industry.