2011 Senate Bill 300 / 2012 Public Act 165

Restrict credit score use in insurance underwriting

Introduced in the Senate

March 24, 2011

Introduced by Sen. John Gleason (D-27)

To prohibit insurers from using “credit information” under a broad definition of that term contained in the bill to deny, cancel or choose to not renew a policy. Also, to impose restrictions on an insurer using credit or credit-based “insurance scores” to determine the price at which it will sell an insurance policy.

Referred to the Committee on Insurance

March 8, 2012

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

May 1, 2012

Substitute offered

The substitute passed by voice vote

May 2, 2012

Passed in the Senate 36 to 1 (details)

To prohibit insurers from using “credit information” (under a broad definition of that term contained in the bill) to deny cancel or choose to not renew a policy. Also, to impose restrictions, plus requirements for credit-status confirmation, disclosures and more, on an insurer using credit or credit-based “insurance scores” to determine the price at which it will issue an insurance policy.

Received in the House

May 2, 2012

Referred to the Committee on Insurance

May 10, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 16, 2012

Amendment offered by Rep. Pete Lund (R-36)

To remove a tie-bar to several other insurance credit score bills, which would have meant this bill could not become law unless those ones dis also.

The amendment passed by voice vote

May 22, 2012

Passed in the House 103 to 4 (details)

To prohibit insurers from using “credit information” (under a broad definition of that term contained in the bill) to deny, cancel or choose to not renew a policy. Also, to impose restrictions, plus requirements for credit-status confirmation, disclosures and more, on an insurer using credit or credit-based “insurance scores” to determine the price at which it will sell an insurance policy.

Received in the Senate

May 23, 2012

May 31, 2012

Passed in the Senate 35 to 1 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

June 14, 2012