Bill > SB852

This bill amends Missouri state law regarding the use of credit scores in automobile insurance pricing. The bill introduces a significant new provision that, starting August 28, 2026, prohibits insurers from using credit information or credit scores when determining rates for automobile insurance policies. Currently, the law regulates how credit information can be used in insurance underwriting, including requirements that insurers cannot take adverse actions (such as denying coverage or reducing benefits) based solely on credit information without considering other factors. The bill maintains existing protections for consumers, such as requiring insurers to disclose when they may gather credit information, providing notice and explanation if credit information negatively impacts an insurance application, and allowing consumers to dispute credit report information. The new provision specifically targets automobile insurance, creating a blanket prohibition on using credit scores or credit-related information in rate determination, which represents a substantial change from the current regulatory approach that allows limited use of credit information in insurance underwriting. This change aims to prevent potential discrimination or unfair pricing practices based on an individual's credit history when obtaining automobile insurance.

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https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=202