BILL REQ. #:  H-1278.1 

Read first time 02/10/2005.   Referred to Committee on Financial Institutions & Insurance.

     AN ACT Relating to restricting the use of personal credit histories and credit scores; adding a new section to chapter 48.18 RCW; and repealing RCW 48.18.545 and 48.19.035.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   A new section is added to chapter 48.18 RCW to read as follows:
     The use of a person's credit history or credit score as a factor in underwriting, renewal, cancellation, and premium decisions by insurers for personal insurance is prohibited in this state.

NEW SECTION.  Sec. 2   The following acts or parts of acts are each repealed:
     (1) RCW 48.18.545 (Underwriting restrictions that apply to personal insurance -- Credit history or insurance score -- Rules) and 2002 c 360 s 1; and
     (2) RCW 48.19.035 (Making of rates -- Definitions -- Personal insurance -- Use of credit history or insurance scores -- Rules) and 2004 c 86 s 1 & 2002 c 360 s 2.