HB2203 - Motor Vehicle Insurance Fairness Act

• Prohibits insurers from refusing to issue or renew private passenger motor vehicle liability policies based on 15 specified underwriting and rating factors, including sex, race, religion, age, employment, credit scores, prior insurance status, and income level.

• Requires insurers to demonstrate that their marketing, underwriting, rating, claims handling, fraud investigations, and algorithms do not disparately impact customers based on race, color, national origin, religion, sex, sexual orientation, disability, gender identity, or gender expression.

• Establishes prior approval for all rate changes, with applications deemed approved after 60 days unless the Director disapproves, a hearing is requested within 45 days, or the Director initiates a hearing (mandatory for increases exceeding 7% for personal lines or 15% for commercial lines).

• Makes all information provided to the Director publicly available and allows any person to participate in proceedings and challenge the Director's actions, with reasonable advocacy fees awarded to consumer representatives who make substantial contributions.

• Assesses a 0.05% fee on total earned premiums from all subject insurers, payable by July 1 annually, to fund Department of Insurance implementation with rules to be adopted within 90-180 days of enactment.