Bill Title: Amends the Use of Credit Information in Personal Insurance Act. Provides that, notwithstanding any other law, an insurer authorized to do business in the State may not use the credit information of an applicant or a policyholder as a factor to determine insurance rates for any private passenger automobile insurance policy that is amended, delivered, issued, or renewed on or after the effective date of the amendatory Act. Directs the Department of Insurance to adopt rules to enforce and administer this requirement. Makes a conforming change in a provision concerning the Department's enforcement powers.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2023-12-12 - Added Chief Co-Sponsor Rep. Diane Blair-Sherlock [HB1059 Detail]

Text: Latest bill text (Introduced) [HTML]

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