PAID Act

The PAID Act would prohibit private passenger automobile insurers from using certain income-related factors—such as education level, occupation, employment status, home ownership, credit score, ZIP code, census tract, marital status, and prior insurance history—to determine eligibility for insurance or set premium rates. It requires insurers to submit biennial reports to the Federal Trade Commission demonstrating that their underwriting, rating, and claims practices do not disparately impact protected groups based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identity, or gender expression. The bill also mandates public access to…

No official summary is available here. This one was written by AI from the bill’s text.