MO HB1749

Prohibits insurers from taking adverse actions against new applicants based solely on credit reports or insurance credit scores without considering another non-credit-related underwriting factor.

Requires insurers to disclose at the time of application that they may gather credit information and provide applicants with notice of adverse actions, including the credit reporting agency's contact information and the right to dispute credit report information.

Extends the dispute resolution period for credit report information by 15 days after final determination if an applicant disputes information with a consumer reporting agency, during which time insurers cannot take adverse actions based on disputed information.

Prohibits insurers from using credit information to take any adverse action against persons currently insured under existing contracts with the insurer, limiting credit score use to new applicants only.

Applies to all insurance contracts except mortgage insurance and commercial insurance, and prohibits credit scoring entities from selling consumer data or lists containing credit inquiry information to third parties outside the insurer and its affiliates.