FL S0662

Prohibits insurers from using credit reports or credit scores in motor vehicle insurance rating determinations effective July 1, 2010.

Adds educational level, trade, business, occupation, profession, and lawful employment as prohibited bases for motor vehicle insurance rating or refusal to insure, with exceptions for employment directly involving use of insured vehicles.

Expands the definition of unfair methods of competition and deceptive acts to include refusal to insure based on educational level, employment, or credit information.

Repeals all existing regulations and procedures governing the use of credit reports and credit scores by insurers, including notification requirements, adverse decision definitions, and appeal processes.

Eliminates authority for the Financial Services Commission to adopt rules related to credit report and credit score usage by insurers.