MI HB6128

Prohibits automobile insurers from refusing coverage, limiting coverage, or charging different rates based on credit history or lack of credit history for applicants or insureds (new Section 2027a).

Clarifies that insurers cannot use residence, age, disability, or occupation as rating factors unless there is a reasonable relationship to risk, with specific requirements for property insurance based on statistically significant relationships to fire loss risk.

Changes references from "commissioner of insurance" to "director" throughout the statute.

Defines key terms including "credit information," "credit report," "insurance score," and "adverse action" for purposes of insurance rating regulations.

Clarifies that "personal insurance" excludes automobile insurance for purposes of these rating restrictions.