87R3919 MWC-D
By: Lucio III H.B. No. 1626
A BILL TO BE ENTITLED
AN ACT
relating to the use of credit scoring information by an insurer
during and after a disaster.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 559, Insurance Code, is
amended by adding Section 559.104 to read as follows:
Sec. 559.104. DISASTERS. (a) An insurer may not increase
an insured's premium or take an action that results in an adverse
effect based on a factor on a consumer's credit report or change in
a consumer's credit score that occurs during:
(1) the period that a disaster declaration under
Chapter 418, Government Code, is in effect for the area in which the
consumer's residence is located; or
(2) the two-year period following the date the
disaster declaration expires or is terminated.
(b) An insurer is not out of compliance with any law or rule
relating to underwriting, rating, or rate filing as a result of
complying with this section.
SECTION 2. This Act takes effect September 1, 2021.