CT HB07263

Prohibits insurance companies from using an applicant's or insured's sex or gender identity or expression as a factor in underwriting or rating private passenger nonfleet automobile insurance policies.

Requires insurers to allocate specified flat dollar amounts to base rates for private passenger nonfleet automobile insurance, including at least 90% of general expenses and acquisition costs, which must be applied after classification factors are determined.

Establishes that rating plans for private passenger nonfleet automobile insurance must assign 75% weight to individual territorial loss cost indication and 25% weight to state-wide average loss cost indication.

Regulates the use of credit history in personal risk insurance underwriting and rating, prohibiting certain factors such as credit inquiries, types of credit cards, and medical collection accounts, while allowing consideration of extraordinary life circumstances.

Takes effect October 1, 2019 and amends section 38a-686(b) of the general statutes.