Prohibits insurers from using credit history when evaluating homeowners insurance policies.

Summary

The legislation would prohibit insurance companies from looking at a homeowner’s credit history when deciding whether to issue, renew, cancel, or price a homeowners insurance policy. It also bars the use of credit scores for discounts, rating tiers, agent assignments, or eligibility for payment plans. The aim is to make homeowners insurance pricing fairer for all residents.

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

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