Motor Vehicle Insurance - Use of Credit History Rating Policy
What this bill does
Requiring, with respect to private passenger motor vehicle insurance, an insurer that uses credit information to provide, on request, certain exceptions to the insurer's rates, ratings classifications, company or tier placement, or underwriting rules or guidelines to certain applicants and insureds whose credit information has been influenced by certain events; requiring an insurer, within 30 days after receipt of documentation of a certain event, to inform the applicant of the outcome of a request for a reasonable exception; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.