The bill amends Section 27-9-4 of the General Laws in Chapter 27-9, titled "Casualty Insurance Rating," to introduce new considerations for establishing rates and classifications for motor vehicle insurance. The key provision allows insurers issuing motor vehicle liability insurance to utilize the zip code of where a vehicle is garaged when calculating policy premiums, provided that the calculation is segmented by the municipality where the vehicle is garaged. This provision will take effect for policies issued or renewed on or after July 1, 2026.

The bill does not include provisions regarding the treatment of specific groups, such as bus drivers, law enforcement officers, or seniors, nor does it address issues related to policy renewals or surcharges for minor claims. Overall, the bill focuses on the use of zip code information in premium calculations.

Statutes affected:
5104: 27-9-4
5104  SUB A: 27-9-4