INSURANCE RATES: Provides for the use of credit information in underwriting or rating of certain personal insurance policies. (8/1/25)

Removed 21 co-sponsors from the bill, leaving only Senator Luneau as the sole sponsor.

Revised the initial notification requirements to specify that the insurer must deliver a written statement containing the consumer's credit-based insurance score and a breakdown of the scoring scale prior to or at the time of providing a quote.

Streamlined the adverse action notification requirements, retaining the need to explain reasons for denial but simplifying the language regarding specific factors and standardized explanations.

Changed the effective date of the law from July 1, 2026, to August 1, 2025.

Deleted the original list of co-sponsors and the detailed, multi-page example disclosure statement text, replacing it with a more concise summary of required information.

The list of bill sponsors was expanded to include additional Senators and Representatives who joined the legislation.

The document header was updated from 'Engrossed' to 'Enrolled' and the page count was adjusted from 4 to 3 pages.

The example disclosure statement text was revised to clarify that insurers may review credit reports or use credit-based insurance scores.

A specific effective date of July 1, 2026, was added to the act.