Bill > S0224

This bill creates a new section in Florida Statutes that prohibits automobile liability insurance companies from using certain personal characteristics when establishing insurance rates or rating classifications. Specifically, insurers are banned from considering factors such as an individual's sex, marital status, home ownership, educational level, occupation, residential postal zone, and credit score when determining insurance premiums. This means that insurance companies cannot use these demographic and personal economic indicators to differentiate pricing or categorize risk for automobile liability insurance policies. The legislation aims to prevent potential discrimination in insurance pricing by limiting the rating factors that insurers can use. The provisions of this bill will go into effect on July 1, 2026, giving insurance companies time to adjust their rating methodologies to comply with the new restrictions.

https://www.flsenate.gov/Session/Bill/2026/224