Credit history bill clears the Senate

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A bill to simplify insurance policy renewal on Thursday cleared the Senate by a large margin.

It’s Gov. Bill Walker’s bill and it allows insurance companies to use a person’s credit history for policy renewals.

The bill is directed mostly at auto and home insurance renewals. Under current law, companies must get a waiver for those renewing but not for new policyholders

Credit history bill clears the Senate

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