Introduced
by
To prohibit insurance companies from offering premium price discounts on the basis of a person having a good credit history or credit score. Insurance companies would be required to take the aggregate value of all such discounts currently offered and lower all rates by amount equal to that aggregate value. In other words, insurance customers who currently pay less because good credit histories would experience a price hike, and those who do not have good credit histories would get a slight price cut.
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that regulates the use of credit scores in pricing individual insurance policies, but does not ban their use. Note: The Melton amendment essentially canceled out this version and restored the prohibition to the bill that ultimately passed the House.
The substitute passed by voice vote
Amendment offered
by
To replace the Hansen-substitute's regulation of using credit scores in pricing individual insurance policies with the orignal bill's prohibition on their use.
The amendment passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 5565, meaning this bill cannot become law unless that one does also. HB 5565 would regulate but not prohibit the use of credit scoring in setting insurance rates.
The amendment failed by voice vote
Passed in the House 57 to 49 (details)
Referred to the Committee on Economic Development and Regulatory Reform
