House Passes MAIA’s Bill To Ban Use of Credit Scores in Auto Rates

The Massachusetts House of Representatives voted yesterday afternoon to ban the use of credit scores when underwriting and rating private passenger motor vehicle insurance. The Bill quickly passed through the House without much debate. Representative Michael Costello, a Democrat from Newburyport, called the ban on credit rating for auto insurance policies “a win for consumers.”

Here are some of Agency Checklists’ past posts on this issue to help get you up to speed:

• House Advances Ban on Use of Credit Scores in Auto Rates
• MAIA Drops 2012 Ballot Initiative As Its Legislative Bill Advances
• AG Certifies MAIA’s Petition for November 2012 Ballot
• MAIA Files 2012 Ballot Initiative To Limit Socio-Economic Rating Factors in Auto Insurance Rates