| SB 0009 | Prohibits insurance company from using credit history to determine whether to provide, renew or cancel policy |
| Sponsor: | Banks | |||
| LR Number: | S0200.01I | Fiscal Note: | 0200-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 02/03/99 - Hearing Conducted S Insurance & Housing Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1999 | |||
SB 9 - This act prohibits insurance companies from using an
individual's credit history when determining whether to write,
renew or cancel an insurance policy unless the individual's
credit history is relevant to the types of risks to be insured.
An insurance company which violates this act will be subject to
the provisions of the Unfair Trade Practices Act. This act shall
apply to insurance policies entered into or after January 1,
2000.
STEPHEN WITTE