S.4755 - Prohibit Auto Insurance Discrimination Act116th Congress (2019-2020)
|Sponsor:||Sen. Booker, Cory A. [D-NJ] (Introduced 09/29/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 09/29/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.4755 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (09/29/2020)
Prohibit Auto Insurance Discrimination Act
This bill prohibits an automobile insurer from considering specified factors when determining a consumer's insurance rates or eligibility. These prohibited factors include
- employment status,
- zip code,
- census tract,
- marital status, and
- credit score.
Automobile insurers must make underwriting rules and rate filings available to the public.
The Federal Trade Commission may enforce a violation of these requirements as an unfair or deceptive act or practice.