SENATE AMENDMENT
    Bill No. CS for CS for SB 204
    Amendment No. ___   Barcode 495404
                            CHAMBER ACTION
              Senate                               House
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       04/23/2003 12:32 PM         .                    
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11  Senator Miller moved the following amendment:
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13         Senate Amendment 
14         On page 5, line 29, through
15            page 6, line 20, delete those lines
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17  and insert:  
18         (7)(a)  An insurer shall establish procedures to review
19  the credit history of an insured who was adversely affected by
20  the use of the insured's credit history at the initial rating
21  of the policy, or at a subsequent renewal thereof. This review
22  must be performed at a minimum of once every 2 years or at the
23  request of the insured, whichever is sooner, and the insurer
24  shall adjust the premium of the insured to reflect any
25  improvement in the credit history. The procedures must provide
26  that, with respect to existing policyholders, the review of a
27  credit report will not be used by the insurer to cancel,
28  refuse to renew, or require a change in the method of payment
29  or payment plan.
30         (b)  However, as an alternative to the requirements of
31  paragraph (a), an insurer that used a credit report or credit
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    2:29 PM   04/22/03                              s0204c2b-18e0b


                                                  SENATE AMENDMENT
    Bill No. CS for CS for SB 204
    Amendment No. ___   Barcode 495404
 1  score for an insured upon inception of a policy, who will not
 2  use a credit report or score for re-underwriting, shall
 3  reevaluate the insured within the first 3 years after
 4  inception, based on other allowable underwriting or rating
 5  factors, excluding credit information if the insurer does not
 6  increase the rates or premium charged to the insured based on
 7  the exclusion of credit reports or credit scores.
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    2:29 PM   04/22/03                              s0204c2b-18e0b