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Bill

HB 5263

Relating to use of credit scores in applications for insurance

2026 Regular Session Introduced by Mike Pushkin

West Virginia bill regulating insurers' use of credit scores in underwriting would affect policy approval rates and pricing for consumers with lower credit histories.

To House Finance
#insurance
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Bill Summary · HB 5263

Legislative bill overview

HB 5263 would regulate how insurance companies in West Virginia can use credit scores when evaluating applications for insurance policies. The bill was recently introduced and referred to the House Finance Committee for consideration. Specific provisions are not yet publicly detailed given its very recent filing.

Why is this important

Credit-based insurance scoring directly affects whether consumers can obtain coverage and at what price, potentially creating barriers for lower-income individuals or those with financial hardships unrelated to driving/claims risk. This intersects consumer protection, insurance affordability, and fair lending principles—affecting thousands of West Virginia residents annually.

Potential points of contention

  • Industry vs. consumer perspectives: Insurers argue credit scores correlate with claims likelihood; consumer advocates argue this disadvantages vulnerable populations and conflates financial stress with insurance risk
  • Scope of regulation: Whether the bill restricts credit score use entirely, requires disclosures, mandates alternative factors, or simply prohibits certain practices—each approach has different market implications
  • Economic impact: Stricter limitations could increase premiums for some consumers or reduce insurer competition if companies exit the state market

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

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