MS SB2585

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

Prevents insurers from refusing to underwrite, canceling, or refusing to renew coverage for personal lines of insurance based on credit history.

Prohibits rating risks based on credit history, including through discounts, rating tier assignments, or placement with affiliated companies.

Bans the use of insurance scores or consumer reports as a basis for unsolicited written or oral insurance solicitations.

Effective date: July 1, 2012.