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GA SB507
Bill
Status
2/12/2026
Primary Sponsor
Nabilah Islam Parkes
Click for details
AI Summary
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Prohibits insurance companies, agents, and rating organizations from using credit reports, credit scores, or credit information for underwriting, eligibility, pricing, risk rating, surcharges/discounts, or policy cancellations for personal insurance
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Bars insurers from taking adverse actions against consumers based on credit information, insurance scores, or the absence of credit history
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Prohibits the use of any variable, algorithm, or model that functions as a proxy for credit information, and bars insurers from requesting credit reports for personal insurance purposes
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Applies to personal insurance including private passenger auto, homeowners, motorcycle, mobile home, boat, personal watercraft, snowmobile, and recreational vehicle policies
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Effective July 1, 2026, applying to policies executed, delivered, or renewed on or after October 1, 2026
Legislative Description
Underwriting and Rate Risking; use of credit information and credit scores in underwriting, rating risks, adverse actions, or certain other actions by insurance companies; prohibit
Last Action
Senate Read and Referred
2/17/2026