prohibiting denial of banking and insurance services based on any factor that is not quantitative, impartial, and risk-based as measured by an objective standard.

Summary

The bill would make it illegal for banks and insurance companies to refuse service for reasons that are not quantitative, impartial, and measured by an objective risk standard. It applies to financial institutions and their customers, aiming to prevent arbitrary or non‑risk‑based denials. The measure seeks to ensure service decisions are grounded in measurable risk factors.

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

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