MO HB1379

Expands the definition of "adverse action" to include charging higher premiums based on credit history, assigning consumers to less favorable rating tiers, or offering less comprehensive coverage due to credit factors.

Prohibits insurers from taking adverse actions based solely on inability to compute an insurance credit score and bars consideration of absent credit information in underwriting or rating personal insurance.

Requires insurers to provide applicants and policyholders with notice of adverse actions, including the name and contact information of the credit reporting agency used, the right to obtain a free credit report within 60 days, and the right to dispute erroneous information.

Extends the 60-day notice period for adverse actions to 15 days after a credit dispute reaches final determination with a consumer reporting agency.

Prohibits credit scoring entities from selling consumer data lists containing information from credit inquiries (such as policy expiration dates) to third parties, with limited exceptions for business sales and transfers.

Prevents insurance inquiries from being used as a negative factor in insurance credit scoring formulas or underwriting decisions.

Applies to all personal insurance contracts (auto, homeowners, renters, motorcycles, boats, and professional liability) entered into or renewed on or after July 1, 2011.