Relating to use of credit scores in applications for insurance

HB 2967 prohibits insurers from using credit scores or the number of credit inquiries in credit reports to deny insurance applications or set rates for auto and homeowners insurance. It also bans reliance on disputed credit information during underwriting. The bill directly affects applicants seeking these insurance types and requires insurers to base pricing decisions on factors other than credit history. This law applies to all insurers offering auto and homeowners coverage in West Virginia.