Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3021 mandates that insurance companies using credit scores to determine rates for personal property and casualty policies must review and update an insured’s credit report at least once every 36 months. Policyholders can also request a reassessment of their insurance rating once per year based on an updated credit score. Insurers must provide written notice of any changes to premiums based on credit score updates.
Author (1)
John Smithee
Contact the Author
Rep. John Smithee
Capitol Phone:
(512) 463-0702
Capitol Office:
CAP 1W.10
E-Mail:
