AZ SB1399

Prohibits insurers from accessing, using, or conditioning coverage on applicants' or insureds' credit ratings, credit reports, credit scoring models, or credit information for underwriting, classification, or rating purposes.

Prevents insurers from canceling, refusing to issue, or conditioning renewal of insurance policies based on credit-related information.

Restricts insurers from using specific types of credit history in insurance scores, including medical collection accounts, bankruptcies or liens older than seven years, particular types of credit cards, and factors like income, gender, address, ethnicity, religion, marital status, or nationality.

Requires insurers to treat consumers without credit history as having neutral credit information unless actuarially justified, and allows consideration of total outstanding debt in relation to available credit lines.

Maintains existing requirements for insurers to provide specific reasons for adverse underwriting decisions in writing and disclose information sources to applicants within twenty-one business days of request.