Text of Measure
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OREGON:
The Oregon Revised Statutes are amended by adding the following section, which section shall read:
Section 1. No insurance company, or agent acting on the part of an insurance company, which sells or markets medical, health, accident, automobile, fire, or liability insurance, or any combination of policies providing such coverage to consumers, shall quote, offer, or charge, either directly or indirectly, a rate or premium which is based solely or in part upon the credit score or credit worthiness of the insured or applicant for insurance.
This 2006 Act shall not affect policies in force at the time it is enacted, but shall affect policies which are commenced, changed, amended, or renewed after the effective date hereof.