SB3213 - Motor Vehicle Insurance Fairness Act

• Prohibits insurers from refusing to issue or renew automobile insurance policies based on 16 specified factors including sex, race, marital status, age, employment, education, home ownership, credit scores, prior insurance status, zip code, and income level.

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

• Allows insurers to consider years of driving experience despite age prohibition, and permits territorial rating factors only if they do not exceed 25% impact on premiums.

• Requires prior approval of all rate changes through the Department of Insurance with applications deemed approved after 60 days unless disapproved, a hearing is requested, or the Director initiates review; mandates hearings for rate increases exceeding 7% for personal lines or 15% for commercial lines.

• Imposes a 0.05% fee on earned premiums from the prior calendar year on all insurers subject to the act, payable to the Department by July 1 annually to fund implementation, and allows public inspection of all rate information and participation in proceedings.