Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.

This proposed New Jersey bill (A 1931) prohibits auto insurance companies from using a person's educational level, occupation, or credit score to set insurance rates or determine policyholders' risk tiers. It also bans insurers from asking applicants about these factors during the application process. The law would require insurers to file all underwriting rules with the state commissioner and apply them uniformly statewide. If passed, this would directly affect all auto insurance applicants and policyholders in New Jersey who might have previously faced higher rates based on these factors. The bill is currently pending before the Assembly Financial Institutions and Insurance Committee.