West Virginia HB5608 prohibits using a person's credit history in certain insurance transactions.
West Virginia HB5608 amends the Code of West Virginia to prohibit the use of a person's credit history in certain insurance transactions. Specifically, it bans insurers from refusing to underwrite, canceling, refusing to renew, or increasing premiums based on credit history. It also prohibits rating risks or assigning discounts based on credit history for insurance policies related to passenger motor vehicles, residential property, and other personal insurance lines.
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