FL H0771

Prohibits motor vehicle insurers from using rates or underwriting rules based on an insured's educational level, trade/occupation, or credit reports/credit scores unless contained in a filed rating manual.

Expands the definition of unfair insurance practices to include refusal to insure individuals based on educational level, lawful employment, or credit information.

Eliminates all previous regulations permitting limited use of credit scores in insurance rating, requiring insurers to completely cease using credit reports and credit scores for motor vehicle insurance rating determinations.

Removes definitions of "adverse decision" and "tier" and eliminates the Financial Services Commission's authority to adopt rules regulating credit score use by insurers.

Takes effect July 1, 2010.