First Regular Session
Sixty-first General Assembly
LLS NO. 970549.01 DHG
SENATE BILL 97105
STATE OF COLORADO
BY SENATOR Tanner
BUSINESS AFFAIRS & LABOR
A BILL FOR AN ACT
CONCERNING A PROHIBITION ON THE USE OF CONSUMER CREDIT
HISTORY FOR INSURANCE UNDERWRITING PURPOSES.
(Note: This summary applies to this bill as introduced
and does not necessarily reflect any amendments which may be subsequently
Sunset process Senate Business Affairs
and Labor Committee. Repeals current
provisions allowing an insurer to use a person's credit history
as an underwriting criterion.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. 1214.3103 (1) (c) (III), Colorado Revised Statutes, 1991 Repl. Vol., as amended, is repealed as follows:
1214.3103. Permissible purposes prohibition. (1) A consumer reporting agency may furnish a consumer report only under the following circumstances:
(c) To a person which the consumer reporting agency has reason to believe:
to use the information in connection with the underwriting of
insurance involving the consumer; or
SECTION 2. Safety clause. The general assembly hereby finds, determines, and declares that this act is necessary for the immediate preservation of the public peace, health, and safety.