SB 693: Motor vehicle insurance; unfair discrimination based on individual's consumer credit info., report.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Motor vehicle insurance; use of certain factors to establish rates prohibited. Prohibits an insurer from refusing to insure, refusing to continue to insure, or limiting the amount or extent of motor vehicle insurance coverage, or charge an individual a different rate for the same motor vehicle insurance coverage, solely because of such individual's consumer credit information or credit-based insurance score. The bill also directs the State Corporation Commission's Bureau of Insurance to study the use by insurers of an insured's or applicant's consumer credit information or credit-based insurance score in connection with underwriting motor vehicle insurance polices and to submit a report of its findings and recommendations by October 1, 2027.

Sponsors

Sponsors by party (alphabetical): Democratic 1 · Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 13, 2026Approved by Governor-Chapter 902 (effective 7/1/2026)
2. April 6, 2026Fiscal Impact Statement from State Corporation Commission (SB693)
3. March 14, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
4. March 14, 2026Enrolled Bill communicated to Governor on March 14, 2026
5. March 12, 2026Signed by Speaker
6. March 11, 2026Signed by President
7. March 11, 2026Bill text as passed Senate and House (SB693ER)
8. March 11, 2026Enrolled
9. March 5, 2026House Amendments agreed to by Senate (39-Y 0-N 0-A)
10. March 3, 2026Passed House with amendments (91-Y 7-N 0-A)
11. March 3, 2026Engrossed by House as amended
12. March 3, 2026committee amendments agreed to

Showing 12 most recent of 40 actions. Full history