TITLE 41

INSURANCE

CHAPTER 18

THE INSURANCE CONTRACT

41-1843.  Insurance rates and credit rating. (1) No insurer regulated pursuant to this title shall charge a higher premium than would otherwise be charged, or cancel, nonrenew or decline to issue a property or casualty policy or coverage based primarily upon an individual’s credit rating or credit history.

(2)  As used in this section, "based primarily" means that the weight given by the insurer to an individual’s credit rating or credit history exceeds the weight given by the insurer to all other criteria considered in making the decision to charge a higher premium or to cancel, nonrenew or decline to issue an insurance policy.

(3)  This section shall apply only to property or casualty insurance, as defined in chapter 5, title 41, Idaho Code, to be used primarily for personal, family or household purposes.

History:

[41-1843, added 2002, ch. 264, sec. 1, p. 786.]