Missouri HB2632 prohibits insurers from using credit information in setting rates for certain insurance contracts.
Missouri HB2632 prohibits insurers from using information from credit reporting agencies or insurance credit scores in determining rates for insurance contracts entered into on or after August 28, 2026. Insurers must provide clear explanations if they use credit information in underwriting. If an adverse action is taken based on credit information, the insurer must notify the policyholder or applicant and provide a statement of reasons. Insurers cannot use credit information if it is disputed by the policyholder or applicant.
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