| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R3919 MWC-D | |
| 2 | 2 | By: Lucio III H.B. No. 1626 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the use of credit scoring information by an insurer | |
| 8 | 8 | during and after a disaster. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter C, Chapter 559, Insurance Code, is | |
| 11 | 11 | amended by adding Section 559.104 to read as follows: | |
| 12 | 12 | Sec. 559.104. DISASTERS. (a) An insurer may not increase | |
| 13 | 13 | an insured's premium or take an action that results in an adverse | |
| 14 | 14 | effect based on a factor on a consumer's credit report or change in | |
| 15 | 15 | a consumer's credit score that occurs during: | |
| 16 | 16 | (1) the period that a disaster declaration under | |
| 17 | 17 | Chapter 418, Government Code, is in effect for the area in which the | |
| 18 | 18 | consumer's residence is located; or | |
| 19 | 19 | (2) the two-year period following the date the | |
| 20 | 20 | disaster declaration expires or is terminated. | |
| 21 | 21 | (b) An insurer is not out of compliance with any law or rule | |
| 22 | 22 | relating to underwriting, rating, or rate filing as a result of | |
| 23 | 23 | complying with this section. | |
| 24 | 24 | SECTION 2. This Act takes effect September 1, 2021. |