State of Illinois
92nd General Assembly

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 1        AN ACT concerning insurance.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Illinois  Insurance  Code is amended by
 5    adding Section 155.39 as follows:

 6        (215 ILCS 5/155.39 new)
 7        Sec. 155.39.  Premium determination; use of credit  score
 8    prohibited.
 9        (a)  For  purposes  of  determining  premium  rates to be
10    charged for personal multi-peril property insurance  policies
11    covering  real  property  used  principally  for  residential
12    purposes  or any household or personal property that is usual
13    or incidental to the  occupancy  of  any  premises  used  for
14    residential  purposes  (commonly  known  as  "homeowners"  or
15    "renters"  insurance),  an insurance company authorized to do
16    business in this State may not establish premium  rates  that
17    are  based,  in  whole  or  in  part,  upon an applicant's or
18    insured's credit report or credit score.
19        (b)  As used in this Section,  "credit  report"  means  a
20    collection  of  data  regarding  a consumer's credit history,
21    credit capacity, or credit worthiness that has been assembled
22    or evaluated by a consumer reporting agency as defined in  15
23    USC  1681a(f) and "credit score" means a numerical value or a
24    categorization derived from a statistical  tool  or  modeling
25    system designed to predict certain credit behaviors.

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