2005 House Bill 4243

Regulate, not ban, credit scoring

Introduced in the House

Feb. 9, 2005

Introduced by Rep. Scott Hummel (R-93)

To regulate, but not ban, the use of “credit scoring” by insurance companies, in which a person’s credit history is used to give discounts or deny coverage. Note: Gov. Granholm has ordered a rule to be promulgated banning the practice, and the insurance industry is likely to challenge the statutory authority for enforcing this rule in court.

Referred to the Committee on Insurance