Senate Bill No. 267, introduced by Senator Duplessis, aims to amend the current regulations regarding the underwriting and rating of automobile insurance premiums. The bill specifically prohibits insurers from using a consumer's credit information and zip code in the underwriting or rating process for automobile insurance. This change is intended to protect consumers from potential discrimination based on their credit history and geographic location.

The proposed law enacts new language into R.S. 22:1508(C), stating that no insurer shall utilize a consumer's credit information or a single or combination of zip codes for the purposes of underwriting or rating automobile insurance. This legislation is set to take effect on August 1, 2026, and represents a significant shift from the existing law, which currently allows the use of such information in personal insurance underwriting.