Indiana General Assembly Eliminates Credit Mandate
INDIANAPOLIS – The Indiana General Assembly has passed House Enrolled Act (HEA) 1246, which removes a provision in Indiana law requiring insurance companies to re-rate an insurance policy at least once every three years based on current credit information. The Insurance Institute of Indiana worked with Democrat Representative Ron Herrell from Kokomo to come to a positive solution. The decision to re-run credit information is now left to Hoosier consumers, who can request a re-rating with current credit information at the annual renewal of the policy. Click here to read more.