A Louisiana Senate bill that would ban insurer use of credit information to rate customers failed in committee today, but a measure with a more limited credit scoring ban remained alive in the House this afternoon.

Defeated in the Senate Insurance Committee by a 3-1 vote was a bill to repeal present law and prohibit use of credit scoring and information concerning a person's credit-worthiness in determining whether or not to issue or renew a policy or personal liability insurance.

The bill, SB 436, would have allowed use of credit scores to determine interest rates on financing of premium payments.

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