Prohibits an insurer from utilizing information from a credit reporting agency or insurance credit scores from consumer reporting agency in determining certain insurance rates

HB 2632 prohibits insurers from using credit reports or insurance credit scores to set rates for auto, property, or renters insurance policies. It directly affects consumers applying for or holding these policies, requiring insurers to disclose if credit data influences rates and providing notice of adverse actions (like higher premiums). Key provisions include mandating disclosure at application, extending dispute resolution periods for credit errors, and requiring insurers to justify rate decisions based on non-credit factors if credit scores are unavailable. The bill excludes mortgage, commercial insurance, and payment plan options, and prohibits using credit inquiries as negative factors in scoring.