MI SB0267

Prohibits insurers from using medical industry collection accounts (identified with medical industry codes on credit reports) as a negative factor in insurance scores or credit reviews for automobile and home insurance.

Defines key terms including "consumer reporting agency," "credit information," "credit report," and "insurance score" for purposes of the insurance code.

Establishes specific factors insurers may use for automobile insurance classifications, including driver age/experience, vehicle characteristics, mileage, and completion of accident prevention courses.

Adds a secondary or merit rating plan for automobile insurance surcharges based on at-fault accidents and traffic violations, with restrictions on how long civil infractions can be used for rating.

Prohibits automobile insurance rates from being based on sex, marital status, or claims made by the insured under the policy; establishes separate classification factors for home insurance based on property characteristics and safety features.