This bill aims to enhance consumer protection in New Hampshire by prohibiting the use of credit information in the underwriting and rating of personal automobile and homeowners insurance policies. Specifically, it inserts a new section into RSA 412 that forbids insurers from using an applicant's or insured's credit history, credit score, or any consumer report as a factor in these processes. Additionally, the bill amends RSA 417:4 to redefine unfair insurance trade practices, explicitly including the use of credit information in the context of underwriting and rating. It also repeals existing provisions that allowed the use of credit reports for these purposes.

Furthermore, the bill introduces new regulations regarding surveillance practices by insurers. It prohibits the use of drones, satellites, and other commercial imagery for the purpose of underwriting or rating homeowners insurance without the express written consent of the property owner. Insurers are also barred from coercing property owners into granting permission for such surveillance. Violations of these provisions are classified as unfair methods of competition and deceptive practices in the insurance business. Overall, the bill seeks to protect consumer privacy and prevent discrimination in insurance practices.

Statutes affected:
Introduced: 417:4, 412:15
HB1582 text: 417:4