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OH SB163
Bill
Status
9/1/2009
Primary Sponsor
Fred Strahorn
Click for details
AI Summary
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Amends Ohio Revised Code section 3901.21 to add division (M)(2) prohibiting insurers from considering an individual's credit score, credit report, or credit history when determining premiums, policy fees, rates, coverage terms, or conditions for any insurance policy.
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Defines "credit score," "credit report," and "credit history" as any written, oral, or other communication of information bearing on a consumer's creditworthiness, credit standing, or credit capacity.
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Prohibits insurers from using credit information to refuse to issue, cancel, or refuse to renew any insurance policy.
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Treats the use of credit information in insurance decisions as an unfair discrimination practice under Ohio insurance law, subject to enforcement by the superintendent of insurance.
Legislative Description
To prohibit an insurer's use of a credit score, credit history, or credit report in fixing a premium rate for, or the terms and conditions of, an insurance policy, or in determining whether to issue, continue, or renew an insurance policy.
Insurers-use credit report concerning policy-prohibit
Last Action
To Insurance, Commerce, & Labor
9/1/2009