Texas Insurance Code
§ 559.052 — PROHIBITED USE OF CREDIT INFORMATION
IN § 559.052Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 559. CREDIT SCORING AND CREDIT INFORMATION · Art. B. USE OF CREDIT SCORING AND CREDIT INFORMATION
Statute text
View on source(a)An insurer may not:
(1)use a credit score that is computed using factors that constitute unfair discrimination;
(2)deny, cancel, or nonrenew a policy of personal insurance solely on the basis of credit information without considering any other applicable underwriting factor independent of credit information; or
(3)take an action that results in an adverse effect against a consumer because the consumer does not have a credit card account without considering any other applicable factor independent of credit information.
(b)An insurer may not consider an absence of credit information or an inability to determine credit information for an applicant for insurance coverage or for an insured as a factor in underwriting or rating an insurance policy unless the insurer:
(1)has statistical, actuarial, or reasonable underwriting information that:
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.020(a), eff. September 1, 2005.