Introduced Version
HOUSE BILL No. 1817
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 27-2-21.
Synopsis: Credit ratings and insurance premiums. Prohibits use of
credit information in connection with insurance coverage. Repeals
certain statutes concerning use of credit information by insurers in
connection with the issuance of a personal insurance policy.
Effective: July 1, 2007.
Smith V
January 26, 2007, read first time and referred to Committee on Insurance.
Introduced
First Regular Session 115th General Assembly (2007)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in
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Additions: Whenever a new statutory provision is being enacted (or a new constitutional
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NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in
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HOUSE BILL No. 1817
A BILL FOR AN ACT to amend the Indiana Code concerning
insurance.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 27-2-21-5; (07)IN1817.1.1. -->
SECTION 1. IC 27-2-21-5 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 5. As used in this
chapter, "consumer" means an:
(1) insured whose:
(A) credit information is used; or
(B) insurance score is calculated;
in the underwriting or rating of a personal an insurance policy; or
(2) applicant for a personal an insurance policy.
SOURCE: IC 27-2-21-7; (07)IN1817.1.2. -->
SECTION 2. IC 27-2-21-7 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 7. As used in this
chapter, "credit information" means credit related information:
(1) derived from a credit report;
(2) found on a credit report; or
(3) provided on an application for a personal an insurance policy.
The term does not include information that is not credit related,
regardless of whether the information is contained in a credit report or
in an application or is used to calculate an insurance score.
SOURCE: IC 27-2-21-8; (07)IN1817.1.3. -->
SECTION 3. IC 27-2-21-8 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 8. As used in this
chapter, "credit report" means a written, an oral, or another
communication of information by a consumer reporting agency
concerning a consumer's creditworthiness, credit standing, or credit
capacity that is used or expected to be used or collected as a factor to
determine personal insurance policy premiums, eligibility for coverage,
or tier placement.
SOURCE: IC 27-2-21-9.7; (07)IN1817.1.4. -->
SECTION 4. IC 27-2-21-9.7 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2007]: Sec. 9.7. As used in this chapter, "insurance" has the
meaning set forth in IC 27-1-2-3.
SOURCE: IC 27-2-21-12; (07)IN1817.1.5. -->
SECTION 5. IC 27-2-21-12 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 12. As used in this
chapter, "insured" means an individual entitled to coverage under a
personal an insurance policy.
SOURCE: IC 27-2-21-13; (07)IN1817.1.6. -->
SECTION 6. IC 27-2-21-13 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 13. As used in this
chapter, "insurer" refers to an insurer (as defined in IC 27-1-2-3) that
issues a personal insurance policy. has the meaning set forth in
IC 27-1-2-3.
SOURCE: IC 27-2-21-15.5; (07)IN1817.1.7. -->
SECTION 7. IC 27-2-21-15.5 IS ADDED TO THE INDIANA
CODE AS A
NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2007]:
Sec. 15.5. An insurer may not use
credit information in connection with:
(1) the issuance, underwriting, renewal, cancellation, or denial
of insurance coverage; or
(2) any other action related to insurance coverage.
SECTION 8. THE FOLLOWING ARE REPEALED [EFFECTIVE
JULY 1, 2007]: IC 27-2-21-1; IC 27-2-21-2; IC 27-2-21-3;
IC 27-2-21-4; IC 27-2-21-9; IC 27-2-21-10; IC 27-2-21-14;
IC 27-2-21-15; IC 27-2-21-16; IC 27-2-21-17; IC 27-2-21-18;
IC 27-2-21-19; IC 27-2-21-20; IC 27-2-21-21; IC 27-2-21-22.