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IN SB0257
Bill
AI Summary
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Prohibits insurers from using credit information to underwrite or rate personal insurance policy risks, effective July 1, 2019
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Repeals existing provisions that previously allowed insurers to use credit scores, credit reports, and insurance scores when making coverage decisions
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Eliminates requirements for insurers to disclose credit information use to consumers and provide adverse action notices based on credit
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Removes the requirement for insurers to file scoring models with the Indiana Department of Insurance
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Repeals insurer indemnification obligations for insurance producers who obtained or used credit information on behalf of insurers
Legislative Description
Use of credit information in insurance. Prohibits an insurer's use of credit information in underwriting or rating risks. Repeals obsolete provisions.
Last Action
Senator Stoops added as coauthor
1/31/2019