Study on the impact of credit history and credit-based insurance scores on personal insurance rates in Washington.

The bill mandates the Washington Office of the Insurance Commissioner to conduct a study on insurers' use of credit history, credit-based insurance scores, and other rate factors that may disproportionately affect Washington residents. The study will analyze how these factors impact premiums, rates, and eligibility for coverage among various demographic groups. It will also explore alternative rate factors that do not rely on credit history or credit-based insurance scores.

Study on the impact of credit history and credit-based insurance scores on personal insurance rates in Washington.

The bill mandates the Washington Office of the Insurance Commissioner to conduct a study on insurers' use of credit history, credit-based insurance scores, and other rate factors that may disproportionately affect Washington residents. The study will analyze how these factors impact premiums, rates, and eligibility for coverage among various demographic groups. It will also explore alternative rate factors that do not rely on credit history or credit-based insurance scores.