04RS HB530

HB530

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HB 530 (BR 2048) - D. Ford, J. Higdon, R. Mobley

     AN ACT relating to use of credit information in underwriting or rating insurance risks.
     Create a new section of Subtitle 20 of KRS Chapter 304 to prohibit an insurer that uses credit information to underwrite or rate risks from using certain credit inquiries as a negative factor in any insurance score methodology or in reviewing credit information for the purpose of underwriting or rating a policy of personal insurance; define "personal insurance" as private passenger automobile, homeowners, motorcycle, mobile-homeowners, and noncommercial dwelling fire insurance policies individually underwritten for personal, family, or household use.

     Feb 17-introduced in House
     Feb 18-to Banking and Insurance (H)
     Mar 4-posted in committee


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