MS SB2674

Prohibits insurers from requiring a particular payment plan for private passenger or homeowner's insurance based on an insured's credit history.

Bars insurers from refusing to underwrite, canceling, refusing to renew, or increasing renewal premiums for personal lines insurance based on credit history of applicants or insureds.

Prohibits insurers from rating risks based on credit history through discounts, removal of discounts, rating tier assignment, or placement with affiliated companies.

Prevents insurers from using insurance scores or consumer reports as a basis for unsolicited written or oral insurance solicitations.

Takes effect July 1, 2011.