Bills › 91st General Assembly
Relating to an insurer’s use of credit information for a motor vehicle financial liability coverage policy
Sponsored by Rep. Jerome Amos Jr. (D), Rep. Ken Croken (D), Rep. Tracy A. Ehlert (D), Rep. Lindsay James (D), Rep. Rob Johnson (D), Rep. Bob Kressig (D), Rep. Monica Kurth (D), Rep. Mary Lee Madison (D), Rep. Angel Ramirez (D), Rep. J.D. Scholten (D), Rep. Beth Wessel-Kroeschell (D), Rep. Ross Wilburn (D), Rep. Elizabeth Wilson (D)
Topics:Business & economyInsurance
Where it is now
- Done: IntroducedFebruary 3, 2026
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
Under current law, an insurer authorized to operate in Iowa is authorized to use credit information to underwrite or rate risks for a policy of personal insurance, including for private passenger automobiles, snowmobiles, and recreational vehicles. However, an insurer cannot use credit information to deny, cancel, or refuse renewal of a policy solely on credit information, without considering other relevant underwriting factors; to determine renewal rates based solely on credit information, ignoring other applicable factors; to take adverse action because a consumer lacks a credit card account, without considering other factors; to consider absence of credit information in underwriting as a negative factor; to take adverse action based on credit information unless the insurer has an updated credit report or insurance score from the prior days; or use credit information months or later after obtaining the credit information, with certain exceptions provided.
Read the full explanation
This bill prohibits an insurer authorized to do business in Iowa from using credit information to underwrite or rate risks for a motor vehicle financial liability coverage policy. For purposes of the bill, “financial liability coverage” means an owner’s policy of liability insurance which is issued by an insurance carrier authorized to do business in Iowa to or for the benefit of the person named in the policy as insured, and insuring the person named as insured and any person using an insured motor vehicle with the express or implied permission of the named insured against loss from liability imposed by law for damages arising out of the ownership, maintenance, or use of an insured motor vehicle within the United States or Canada, but subject to minimum limits, exclusive of interest and costs.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Iowa Code it changes
Amends§515.103
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
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