The bill establishes a new section, 627.72612, in the Florida Statutes that prohibits automobile liability insurers from using certain factors to determine rates or rating classifications. Specifically, insurers are barred from considering factors such as sex, marital status, home ownership, educational level, occupation, the postal zone of the insured's residence, and credit score when setting rates for automobile insurance.

This legislation aims to promote fairness in the insurance industry by ensuring that rates are not influenced by potentially discriminatory factors. The bill is set to take effect on July 1, 2026, allowing time for insurers to adjust their practices in compliance with the new regulations.