00                            HOUSE BILL NO. 367                                                                          
01 "An Act prohibiting an insurer from using a consumer's credit history in underwriting,                                  
02 rating, or determining premiums or eligibility for insurance coverage."                                                 
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 21.36.460 is repealed and reenacted to read:                                                       
05            Sec. 21.36.460. Restriction on the use of consumer credit history. (a) An                                  
06       insurer may not use a consumer's credit history to underwrite, rate, or determine                                 
07       premiums or eligibility for insurance coverage.                                                                   
08            (b)  The prohibition against using a consumer's credit history under this section                            
09       may be waived by the consumer.                                                                                    
10            (c)  In this section,                                                                                        
11                 (1)  "consumer" means an individual policyholder or an applicant for                                    
12       insurance to be used permanently for personal, family, or household purposes;                                     
13                 (2)  "credit history" means written, oral, or other communication of                                    
14       information by a consumer credit reporting agency or other source relating to a                                   

01       consumer's creditworthiness, credit standing, or credit capacity.                                                 
02    * Sec. 2. AS 21.39.035 and AS 45.48.210(a)(11) are repealed.