The bill amends Section 27-9-4 of the General Laws in Chapter 27-9, titled "Casualty Insurance Rating," to introduce new regulations regarding the establishment of automobile insurance rates. Key insertions include provisions that prohibit insurance companies from considering factors such as education level, race, ethnicity, disability, occupation, income, credit scores, gender, and geographic location when determining premiums or eligibility for coverage. Instead, insurers are required to rely solely on the individual's driving record. Additionally, the bill stipulates that for policies written, delivered, or renewed on or after January 1, 2025, widowed individuals must be treated the same as married individuals in terms of insurance rates, and seniors aged 65 and older cannot be penalized solely based on age if they have a clean driving record.

The bill also includes several deletions, such as the removal of language that allowed for discrimination based on the aforementioned factors and the stipulation that insurance companies could fail to renew policies based on age. Furthermore, it establishes that no premium surcharges can be assessed for claims where the insured is 50% or less at fault, and it protects volunteer drivers from being penalized in terms of insurance rates. The act is set to take effect on January 1, 2026, applying to any automobile insurance policies issued or renewed after that date.