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 provisions include prohibiting insurance companies from making distinctions or discriminations based on education level, race, ethnicity, disability, occupation, income, credit scores, credit card reports, credit checks, gender, zip code or adjacent zip code, and census tract when determining premiums or eligibility for coverage. Instead, insurers are required to rely solely on the individual's driving record for the determination of premiums or rates charged for automobile insurance policies and for the acceptance or rejection of the individual's application for insurance coverage.

The bill also states that any stipulation or condition made in violation of these provisions shall be void. The act is set to take effect on January 1, 2026, and will apply to any automobile insurance policies issued or renewed on or after that date.

Statutes affected:
5416: 27-9-4