HB 253 – AS INTRODUCED
2007 SESSION
01/03
HOUSE BILL 253
AN ACT relative to the use of credit rating for automobile or homeowner insurance.
SPONSORS: Rep. Hatch, Coos 3; Rep. Theberge, Coos 4
This bill makes it a discriminatory and unfair insurance trade practice to charge higher premiums for automobile and homeowner insurance based on credit rating. Current law allows the use of credit reports for such purposes if it is not the sole reason for higher premiums.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0686
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to the use of credit rating for automobile or homeowner insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Unfair Insurance Trade Practice; Automobile Insurance and Homeowner Insurance. 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, or a credit scoring model.
2 Effective Date. This act shall take effect January 1, 2008.