| |
| |
|
|
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. |