GOP Lawmakers Want to Keep Insurance Rates Tied to Credit

By: Associated Press
By: Associated Press

A legislative panel wants to stop the state insurance office from banning the use of credit scores to set home and auto insurance rates.

A Republican-controlled committee has voted six-to-three to file a notice of objection to the proposed rules, which are set to take effect in July.

The Legislature now has 15 session days to pass a bill rejecting the rules. But the bill is unlikely to get past Jennifer Granholm.

A spokesman says the Democratic governor likely would oppose any attempt to reject the ban since her administration proposed it.

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