Auto insurance bill prohibits insurers from using certain factors in setting rates or renewing policies.

The bill amends South Carolina's auto insurance laws to prohibit insurers from using numerical, credit-based insurance scores or other credit ratings in setting rates or renewing policies. Insurers also cannot refuse to issue or renew policies based on age, sex, race, color, creed, national origin, ancestry, location of residence, economic status, marital status, or income level. Insurers can still set rates based on relevant actuarial data. The bill takes effect upon approval by the Governor.

Auto insurance bill prohibits insurers from using certain factors in setting rates or renewing policies.

The bill amends South Carolina's auto insurance laws to prohibit insurers from using numerical, credit-based insurance scores or other credit ratings in setting rates or renewing policies. Insurers also cannot refuse to issue or renew policies based on age, sex, race, color, creed, national origin, ancestry, location of residence, economic status, marital status, or income level. Insurers can still set rates based on relevant actuarial data. The bill takes effect upon approval by the Governor.