HB 1483 -- Credit Scoring by Insurance Companies

Sponsor:  Haywood

This bill makes changes to the laws regarding the use of credit
information in underwriting auto insurance.  The bill:

(1)  Prohibits insurers from taking any adverse action or
determining a person's insurance premium based upon a credit
report or credit score;

(2)  Makes the restrictions on insurance credit scoring apply to
property insurance and casualty insurance.  Under current law, it
applies to property insurance and auto insurance;

(3)  Broadens the definition of "credit report" to include oral
communications and credit information provided by any source.
Current law applies only to written and electronic communications
from consumer reporting agencies; and

(4)  Makes it an adverse action for an insurer to offer to write
an auto insurance policy through an affiliated insurer.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am