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 set premiums, deny coverage, or determine policy terms. Specifically, it bars insurers from raising rates, canceling policies, or offering different discounts based on an applicant's credit score or payment plans. The law applies to all homeowners and prospective policyholders, ensuring that financial creditworthiness cannot influence their insurance costs. If passed, the measure would take effect 90 days after enactment, removing credit-based insurance scores from the evaluation process for home insurance.