SENATE BILL REPORT

SB 6466

BYSenators Williams, Rasmussen, Warnke, Vognild, Wojahn, Bender, Rinehart, Moore and Fleming

Prohibiting the use of certain credit reporting information to deny an automobile insurance policy applicant.

Senate Committee on Financial Institutions & Insurance

Senate Hearing Date(s):January 26, 1990

Senate Staff:Gerard S. Poliquin (786-7403)

AS OF JANUARY 25, 1990

BACKGROUND:

There have been instances where insurers, in the process of deciding whether or not to provide automobile insurance coverage, or deciding upon the rate to charge for automobile insurance coverage, have used an applicant's credit report.

SUMMARY:

Pursuant to the state insurance code, it is an unfair act or practice for an insurer to deny automobile insurance coverage, or decide rate charges for automobile insurance, based upon an applicant's credit record.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested