Bill > HB2632

This bill amends Missouri insurance law to prohibit insurers from using credit reports or insurance credit scores to determine automobile insurance rates for policies issued on or after August 28, 2026. The bill defines key terms such as "adverse action" (which includes denying, non-renewing, or reducing insurance coverage), "credit report" (information about a person's credit worthiness), and "insurance credit score" (a numerical representation of insurance risk based on credit information). Currently, insurers can use credit information in underwriting, but they must consider other non-credit factors and provide specific disclosures and protections to consumers. The new provision specifically targets automobile insurance policies, preventing insurers from utilizing any credit-related information from consumer reporting agencies when setting rates. This means that for automobile insurance policies issued after the specified date, insurers cannot factor in credit history or credit scores when calculating insurance premiums. The bill aims to eliminate potential credit-based discrimination in automobile insurance pricing by removing credit information as a rating factor.

https://house.mo.gov/Bill.aspx?bill=HB2632&year=2026&code=R