Texas HB2741 prohibits insurers from using credit information in underwriting personal insurance policies.

HB2741 amends the Texas Insurance Code to prohibit insurers from using credit information, credit reports, or credit scores in underwriting personal insurance policies. The bill defines "consumer" as an individual whose credit information is reported to or in the possession of a consumer reporting agency or insurer. It also prohibits insurers from refusing to underwrite, denying, canceling, or nonrenewing a policy based on credit information. The changes apply to policies delivered, issued for delivery, or renewed on or after January 1, 2026. The bill takes effect September 1, 2025.

Texas HB2741 prohibits insurers from using credit information in underwriting personal insurance policies.

HB2741 amends the Texas Insurance Code to prohibit insurers from using credit information, credit reports, or credit scores in underwriting personal insurance policies. The bill defines "consumer" as an individual whose credit information is reported to or in the possession of a consumer reporting agency or insurer. It also prohibits insurers from refusing to underwrite, denying, canceling, or nonrenewing a policy based on credit information. The changes apply to policies delivered, issued for delivery, or renewed on or after January 1, 2026. The bill takes effect September 1, 2025.