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SB 693

Virginia Senate bill in Session 2026.

Status: enrolled. Latest action: April 6, 2026.

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

Bill ID VA-2026-SB-693
Session 2026
Status enrolled
Committee Labor and Commerce; Commerce and Labor
Senate enrolled 2026-04-06
Summary

Motor vehicle insurance; use of certain factors to establish rates prohibited. Prohibits an insurer from using any classification system, rating plan, rules or rates, or modifications based in whole or in part on consumer credit information or scores to establish rates for any motor vehicle insurance policy issued or renewed in the Commonwealth. The bill also prohibits an insurer from refusing to provide or refusing to continue to provide an individual with motor vehicle insurance coverage, limiting the amount or extent of motor vehicle insurance coverage, or charging an individual a different rate for the same motor vehicle insurance coverage solely because of an individual's consumer credit information or score.

Sponsor
Jordan
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-14 Introduced Bill introduced
2026-04-06 Status enrolled
2026-04-06 Latest Action S Fiscal Impact Statement from State Corporation Commission (SB693)
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