Prohibits insurers from using credit history when evaluating homeowners insurance policies.

This bill prohibits insurance companies in New Jersey from using a homeowner's credit history to determine insurance premiums, coverage eligibility, or risk ratings. It specifically bars insurers from denying policies, canceling coverage, raising rates, or offering discounts based on an applicant's financial record. The law applies to all homeowners and prospective policyholders, ensuring that credit scores cannot influence the cost or availability of their home insurance. If passed, these restrictions would take effect 90 days after the bill is signed into law.