HF 2279 (LSB 6074YH (2) 83)

HOUSE FILE 2279

BY  HUSER

A BILL FOR

An Act relating to the use of multiple credit report inquiries as a negative factor in insurance scoring or for purposes of underwriting or rating a personal insurance policy.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 515.103, subsection 2, paragraph h, Code 2009, is amended by adding the following new subparagraph:
   NEW SUBPARAGRAPH.  (1A)  Multiple inquiries for credit reports not initiated by the consumer or initiated by the consumer for the consumer’s own credit information.
EXPLANATION
   This bill prohibits an insurer from using multiple inquiries for credit reports not initiated by the consumer or initiated by the consumer for the consumer’s own credit information, as a negative factor in any insurance scoring methodology or in reviewing credit information for the purpose of underwriting or rating a personal insurance policy.