VA SB693

Prohibits motor vehicle insurers from refusing coverage, limiting coverage, or charging different rates based solely on an individual's consumer credit information or credit-based insurance score

Adds this protection to Virginia's existing unfair discrimination statute (§ 38.2-508), which already prohibits discrimination based on factors like blindness, geographic location, domestic violence victim status, and living organ donor status

Directs the State Corporation Commission's Bureau of Insurance to study insurers' use of consumer credit information in motor vehicle insurance underwriting

Requires the study to examine whether current statutes unfairly burden policyholders and whether credit-based factors are appropriate compared to driving records and other risk-related factors

Bureau must submit findings and recommendations to the House Committee on Labor and Commerce and Senate Committee on Commerce and Labor by October 1, 2027