A bill for an act relating to an insurer’s use of credit information for a motor vehicle financial liability coverage policy.

Summary

The bill amends Iowa law to prohibit any insurer doing business in the state from using a consumer’s credit data when deciding whether to issue or how to price a motor vehicle financial liability policy. It affects insurers and drivers who purchase liability coverage for cars, snowmobiles, RVs and similar vehicles. The change aims to eliminate credit‑based pricing for this type of coverage.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share