HB 577 - AS INTRODUCED

2001 SESSION

01-0554

01/10

HOUSE BILL 577

AN ACT relative to credit data for insurance purposes.

SPONSORS: Rep. Dickinson, Carr 2; Rep. L. Pratt, Coos 4; Sen. Gordon, Dist 2

COMMITTEE: Commerce

ANALYSIS

This bill prohibits insurers from charging a person higher premiums solely based on the fact that such person does not have a recorded credit history.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-0554

01/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

AN ACT relative to credit data for insurance purposes.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Unfair Insurance Trade Practices; Credit History. Amend RSA 417:4, VIII(g) to read as follows:

(g) Charging a higher premium for private passenger automobile or homeowner insurance solely on the basis of information obtained from a credit rating, a credit history, including no recorded credit history, or a credit scoring model.

2 Effective Date. This act shall take effect January 1, 2002.