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States taking action on insurance and credit
scores
By Lucy
Lazarony • Bankrate.com
Fifteen states have passed laws based on a model
act from the National Conference of Insurance Legislators (NCOIL),
and 25 states have considered legislation regulating the use of
credit information in insurance decisions.
Under the NCOIL model act, insurers may not
base rates solely on your credit record.
The states passing laws similar to the NCOIL
model act are:
Arkansas, Florida, Georgia , Illinois, Indiana, Kansas,
Louisiana, Maine, Nebraska, Nevada
North Dakota, Oklahoma, Rhode Island, Texas and Virginia
These 25 states have considered
legislation regulating the use of credit information in insurance
decisions:
Alabama, Alaska, Arizona, California, Colorado,
Connecticut, Maryland, Michigan, Minnesota, Missouri, Montana,
New Hampshire, New Mexico, New York, North Carolina, Oregon, Pennsylvania,
South Carolina, Tennessee, Utah, Vermont, Washington, West Virginia,
Wisconsin and Wyoming
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