CT SB00863

Prohibits insurers from using marital status, age, gender, or education level as factors in underwriting or rating private passenger nonfleet automobile insurance, effective October 1, 2013.

Requires insurers using territorial classifications to weight individual territorial loss cost at 75% and state-wide average loss cost at 25%.

Prohibits allocation of producer commissions, premium taxes, underwriting profits, and contingencies as flat dollar amounts to base rates for private passenger nonfleet automobile insurance.

Establishes requirements for use of credit history in personal risk insurance, including mandatory disclosure to applicants, filing of financial history measurement programs with the commissioner, and prohibition of certain credit characteristics from being used in rating.

Allows applicants to request consideration of extraordinary life circumstances (such as catastrophic illness, divorce, involuntary job loss, or identity theft) that adversely impacted credit history within three years of application, requiring insurers to grant reasonable exceptions to rates or underwriting rules.