MS SB2731

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

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

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

Prohibits use of insurance scores or consumer reports to initiate unsolicited written or oral insurance solicitations.

Takes effect July 1, 2015.