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HB 2632

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

2026 Regular Session Introduced by Marty Murray and 1 co-sponsor

Prohibits insurers from using credit data or insurance credit scores to price or underwrite auto, home, or other policies in Missouri.

Referred: Emerging Issues(H)
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Bill Summary · HB 2632

Bill Summary: HB 2632 (Missouri, 2026)

Purpose and intent

HB 2632 aims to restrict insurers from using certain consumer credit information in setting insurance rates. Specifically, the bill prohibits insurers from utilizing credit reporting agency information or insurance credit scores derived from consumer reporting agencies when determining insurance premiums or rates. The core intent is to limit the influence of credit history on insurance pricing and, by extension, reduce potential disparities in premium affordability tied to credit-related factors.

Key provisions and changes

  • Prohibition on use of credit data: Insurers would be barred from using information obtained from a credit reporting agency or from insurance credit scores that are derived from consumer credit reports when calculating or underwriting insurance premiums.
  • Scope of affected activities: The prohibition covers the rating and underwriting processes for insurance products where credit-related data could otherwise influence rates. This includes pricing decisions for property, casualty, or other types of insurance where credit scoring has historically been used in Missouri.
  • Consistency with existing law: The measure creates a specific statutory prohibition parallel to similar protections that may exist in other contexts, aligning insurer practices with the new standard.
  • Enforcement and penalties (if specified): The summary available does not specify enforcement mechanisms or penalties; such details, if included in the bill text, would determine how violations are addressed (e.g., fines, policy noncompliance remedies, or supervisory actions by the Missouri Department of Insurance).

Who or what is affected

  • Insurers: Insurance companies operating in Missouri would be required to stop using credit data or insurance credit scores in underwriting and pricing decisions for policies covered by the ban.
  • Consumers: Policyholders and applicants seeking insurance who might otherwise have experienced rate differences linked to credit history would be protected from rate adjustments based on credit scores.
  • Insurance regulators and industry compliance: Regulatory bodies would oversee adherence, with potential audits or investigations to ensure insurers comply with the prohibition.

Procedural and timeline considerations

  • Introduction and readings: The bill was introduced and moved through the Legislature with standard readings (First Time, Second Time) in early January 2026.
  • Referral: On May 15, 2026, HB 2632 was referred to the Emerging Issues committee. This indicates the bill would be examined for its broader or novel implications before advancing.
  • Sponsorship: Co-sponsors include Tonya Rush and Marty Murray, which may signal bipartisan or cross-ideological support depending on legislative dynamics.
  • Potential progression: As an emerging-issues bill, it may undergo hearings, amendments, and committee modeling of impact before any floor vote. If advanced, it would proceed through the regular legislative process toward passage and potential enactment, subject to veto considerations and final approval.

Practical impact and considerations

  • Consumer protections: The bill would likely reduce reliance on credit-based factors in insurance pricing, potentially leading to less price discrimination based on credit history.
  • Market effects: Insurers may need to adjust underwriting models and data sources, possibly increasing reliance on non-credit factors (e.g., loss history, demographics, property characteristics). This could influence premium levels and underwriting timelines.
  • Implementation: Insurers would require policy or system changes to ensure credit data is not used in pricing, along with internal controls and training for underwriting staff.

If you’d like, I can tailor this summary to a specific type of insurance (auto, home, health, etc.) once the full text clarifies the scope.

Compiled from official sources — confirm details with the bill’s official record.

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