IN HB1077

Prohibits insurers from considering credit information in any manner when renewing personal insurance policies, with limited exceptions.

Requires insurers to re-underwrite and re-rate policies at annual renewal upon the insured's request, but must maintain the insured in their current pricing tier if re-rating would result in a less favorable tier.

Prohibits use of certain factors in insurance scoring, including income, gender, address, ZIP code, ethnic group, religion, marital status, nationality, and medical-related late payments or collection accounts.

Restricts insurers from using credit reports or insurance scores more than 90 days old and prohibits adverse actions based on credit inquiries not initiated by the consumer or on lack of credit card accounts.

Removes the exemption allowing insurers to skip providing credit disclosure statements to renewal policyholders who previously received one.

Effective date: July 1, 2014.