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

Summary

The legislation would prevent insurance companies from looking at a homeowner’s credit score when deciding whether to issue, renew, cancel, or adjust the price of a homeowners policy. It also stops insurers from using credit information to determine discounts, rating tiers, agent assignments, or eligibility for payment plans. The aim is to make homeowners insurance pricing more fair for all residents.

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

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