Texas Insurance Code

§ 559.101 — NEGATIVE FACTORS

IN § 559.101Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 559. CREDIT SCORING AND CREDIT INFORMATION · Art. C. COMPUTING CREDIT SCORE; EVALUATING CREDIT INFORMATION

Statute text

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An insurer may not use any of the following as a negative factor in any credit scoring methodology or in reviewing credit information to underwrite or rate a policy of personal insurance:

(1)a credit inquiry that is not initiated by the consumer;

(2)an inquiry relating to insurance coverage, if so identified on a consumer's credit report; or

(3)a collection account with a medical industry code, if so identified on the consumer's credit report.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.020(a), eff. September 1, 2005.