SB 422 – Prohibits the use of credit information in underwriting certain types of insurance

• Sponsor: May
• LR Number: 2033S.01I
• Committee: Insurance and Banking
• Last Action: 2/25/2021 - Second Read and Referred S Insurance and Banking Committee
• Journal Page: S335
• Effective Date: August 28, 2021

Current Bill Summary

SB 422 - This act prohibits insurers from using a credit report or insurance credit score as a factor in determining premium rates or otherwise underwriting insurance, except with regard to mortgage insurance or commercial insurance.

This act applies to policies delivered, issued for delivery, continued, or renewed in this state on or after January 1, 2022.

This act is similar to HB 209 (2021).

ERIC VANDER WEERD

Amendments

No Amendments Found.