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OH HB70
Bill
Status
2/1/2011
Primary Sponsor
Clayton Luckie
Click for details
AI Summary
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Amends Ohio Revised Code section 3901.21 to prohibit insurers from using credit scores, credit reports, or credit history when determining insurance premiums, policy terms, coverage eligibility, or renewal decisions.
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Defines "credit score," "credit report," and "credit history" as any written, oral, or other communication about a consumer's creditworthiness, credit standing, or credit capacity.
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Classifies the use of credit information in insurance underwriting as an unfair and deceptive act or practice in the insurance business.
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Applies to all types of insurance policies and contracts, including decisions to issue, continue, renew, or cancel coverage.
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.
Insurance-prohibit use of credit reports
Last Action
To Insurance
2/1/2011