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OH SB34
Bill
Status
2/1/2011
Primary Sponsor
Charleta Tavares
Click for details
AI Summary
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Prohibits insurers from using credit scores, credit reports, or credit history in determining premium rates, policy fees, coverage terms, or eligibility decisions for any insurance policy.
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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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Applies the prohibition to decisions regarding whether to issue, cancel, or refuse to renew insurance policies across all types of insurance.
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Amends section 3901.21 of the Revised Code by adding division (M)(2) to establish this prohibition as an unfair and deceptive insurance practice.
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, Commerce, & Labor
2/1/2011