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2011 House Bill 4594: Restrict insurance company use of consumer credit scores

Public Act 206 of 2012

  1. Introduced by Rep. Paul Opsommer (R) on April 28, 2011, 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.
    • Referred to the House Insurance Committee on April 28, 2011.
      • Reported in the House on September 15, 2011, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on October 12, 2011, to replace the previous version of the bill with one that revises details but does not change the substance as previously described. The substitute passed by voice vote in the House on October 12, 2011.
  2. Passed 103 to 5 in the House on October 13, 2011.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on October 18, 2011.
    • Referred to the Senate Insurance Committee on October 18, 2011.
      • Reported in the Senate on March 8, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
    • Substitute offered in the Senate on May 1, 2012, Substitute (S-1).. The substitute passed by voice vote in the Senate on May 1, 2012.
  4. Passed 36 to 1 in the Senate on May 2, 2012, 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.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on May 3, 2012.
    • Amendment offered by Rep. Paul Opsommer (R) on June 7, 2012, to establish a new date on which the bill will go into effect if passed. The amendment passed by voice vote in the House on June 7, 2012.
  6. Passed 98 to 10 in the House on June 7, 2012, to concur with the Senate-passed version of the bill, except for one amendment changing the effective date.
    Who Voted "Yes" and Who Voted "No"

  7. Received in the Senate on June 12, 2012.
  8. Passed 36 to 2 in the Senate on June 14, 2012, to concur with the Senate-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  9. Signed by Gov. Rick Snyder on June 26, 2012.

Comments

Re: 2011 House Bill 4594 (Restrict insurance company use of consumer credit scores )  by bbarbour on May 16, 2011 

 This is a good Bill. Ins. companies use any exuse to raise rates. This is called kicking some one while they are down.



2011 House Bill 4594 (Restrict insurance company use of consumer credit scores )  by admin on January 1, 2001 
Introduced in the House on April 28, 2011

Click here to view bill details.