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92_HB3554
LRB9206458JSpc
1 AN ACT concerning insurance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Insurance Code is amended by
5 adding Section 155.37 as follows:
6 (215 ILCS 5/155.37 new)
7 Sec. 155.37. Underwriting practice; credit scoring
8 prohibited.
9 (a) A company may not utilize credit scoring as a
10 criterion in its underwriting standards.
11 (b) As used in this Section, "credit scoring" means the
12 utilization of a risk assessment methodology that results in
13 the placement of an insured or proposed insured into a
14 predetermined category for purposes of deciding whether to
15 extend coverage to the insured or proposed insured.