HB 2967
Relating to use of credit scores in applications for insurance
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to restrict the use of credit scores in West Virginia insurance applications. It limits the use of credit scores to those generated by banking institutions for casualty insurance rate filings. The bill prohibits relying on inaccurate or disputed credit information and prevents credit scores from being used to unfairly deny insurance coverage based on the number of inquiries or the content of a credit report. It also reinforces existing protections against discrimination based on race, religion, ethnicity, occupation, or other protected characteristics.
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