HB 4117 Summary

• Prohibits automobile insurers from refusing coverage, limiting coverage, or charging different rates based on employment, trade, business, occupation, profession, education level, or credit history for insureds or applicants.

• Eliminates territory-based rate classifications for automobile insurance; insurers cannot establish rates based on where an insured resides or works.

• Permits discounts for group, blanket, or franchise automobile insurance based on expense savings, and allows senior citizens (65+) who drive less than 3,000 miles annually to receive reduced rates regardless of statistical data.

• Establishes specific permitted rating factors for automobile insurance including driver age/experience, vehicle characteristics, miles driven, type of use, and accident/violation history based on merit rating plans.

• Clarifies that "credit information" excludes non-credit-related information and defines key terms including insurance scores, credit reports, and personal insurance for regulatory purposes.