KY HB136 | 2013 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2013 - 25% progression, died in committee
Action: 2013-02-25 - posted in committee
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on January 11 2013 - 25% progression, died in committee
Action: 2013-02-25 - posted in committee
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 304.20-042 to restrict an insurer's use of credit information for property and casualty insurance contracts for underwriting or to rate risks by prohibiting the sole use of lack of credit history or lack of a credit card account without consideration of any other applicable factor independent of credit information; require an insurer to treat a consumer who has no credit history or no credit card account as if the applicant or insured had neutral credit information.
Title
AN ACT relating to an insurer's use of credit scores for underwriting purposes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-02-25 | House | posted in committee |
| 2013-02-05 | House | to Banking & Insurance (H) |
| 2013-01-11 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/13RS/HB136.htm |
| Text | http://www.lrc.ky.gov/record/13RS/HB136/bill.doc |
