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MI HB4511

Bill

Official Source

Status

Introduced

4/9/2013

Primary Sponsor

Woodrow Stanley

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • Prohibits insurers from using credit information or insurance scores as a factor in decisions to deny, cancel, or nonrenew personal insurance policies under chapters 21, 24, and 26.

  • Prohibits insurers from using credit information or insurance scores to determine premium installment payment options and availability.

  • Repeals sections 2154 to 2161 of the 1956 Insurance Code (MCL 500.2154 to 500.2161), which previously allowed credit-based underwriting and rating under specified conditions.

Legislative Description

Insurance; unfair trade practices; use of credit score to determine insurance premium; prohibit. Amends sec. 2153 of 1956 PA 218 (MCL 500.2153) & repeals secs. 2154 - 2161 of 1956 PA 218 (MCL 500.2154 - 500.2161).

Insurance, unfair trade practices

Last Action

Printed Bill Filed 04/10/2013

4/10/2013

Committee Referrals

Insurance4/9/2013

Full Bill Text

No bill text available