prohibiting denial of banking and insurance services based on any factor that is not quantitative, impartial, and risk-based as measured by an objective standard.

HB 359 prohibits banks and insurance companies from denying services based on non-risk factors (like race, gender, or zip code), requiring them to use only objective, risk-based metrics (such as credit scores or accident history) for decisions. It directly affects financial institutions and their customers by mandating transparent, data-driven underwriting standards. Key provisions require institutions to justify any service denial using quantifiable risk data, not subjective or discriminatory criteria. The bill is currently pending in committee, referred for further study after a committee vote (15-2) on October 28, 2025.