04RS HB530


WWW Version

NOTE: The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

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

Kentucky Legislature Home Page | Record Front Page