Bill
Bill > HB5263
summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to limit the use of a credit score to banking institution credit scoring for casualty insurance rate filings. The bill prohibits the use of credit scoring as a consideration in calculating insurance rates in homeowners or automobile liability policies. The bill prohibits the number of inquiries or the contents of a credit report or the use of credit score report from adversely affecting an application for insurance when disputed by the applicant; and when a credit score or report is utilized that it can only be generated by a banking institution.
AI Summary
This bill aims to restrict the use of credit scores in insurance applications, specifically for casualty insurance rate filings, and prohibits their consideration in calculating rates for homeowners or automobile liability policies. It also prevents the number of credit report inquiries, the content of credit reports, or the use of credit score reports from negatively impacting an insurance application if the applicant disputes the information, and mandates that any credit score or report used must be generated by a banking institution.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
To House Finance (on 02/05/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=5263&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Insurance Commission | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=955543111 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb5263%20intr.htm&yr=2026&sesstype=RS&i=5263 |
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