OH SB154

Amends Ohio insurance law to restrict motor vehicle insurance rates to only four factors: the insured's driving record abstract, annual miles driven, years of driving experience, and any additional factors the superintendent of insurance deems necessary by rule.

Establishes a weighted hierarchy for rate-setting, giving greatest weight to driving record, second greatest to annual mileage, third greatest to driving experience, and least weight to any superintendent-approved factors.

Prohibits insurers from using 10 specific factors in motor vehicle insurance rates, including credit information, sex, marital status, income, vehicle make and model, business use, number of vehicles insured, and area claim frequency.

Defines "credit information" to exclude non-credit related information used to calculate insurance scores, even if contained in credit reports.

Applies restrictions to uninsured and underinsured motorist coverage, allows statistical reporting territories and senior citizen discount plans, and exempts commercial vehicle insurance; violations constitute unfair and deceptive insurance practices.