Text: HF02400 Text: HF02402 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 516B.4 CREDIT HISTORY NOT 1 2 CONSIDERED IN ESTABLISHING RATES. 1 3 The commissioner shall require that insurance companies 1 4 transacting business in this state not consider an insured's 1 5 credit history for the purpose of establishing rates for motor 1 6 vehicle insurance charged by the insurer and shall require 1 7 that insurance companies not cancel or refuse to renew any 1 8 such policy as a result of an insured's credit history. 1 9 EXPLANATION 1 10 This bill directs the commissioner of insurance to prohibit 1 11 an insurance company transacting business in this state from 1 12 considering an insured's credit history for the purpose of 1 13 establishing rates for motor vehicle insurance charged by the 1 14 insurer. The bill also prohibits an insurer from canceling or 1 15 refusing to renew such a policy as a result of an insured's 1 16 credit history. 1 17 LSB 5677HH 78 1 18 mj/cf/24
Text: HF02400 Text: HF02402 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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