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S4326 • 2026

Prohibits insurers from using credit history when evaluating homeowners insurance policies.

Prohibits insurers from using credit history when evaluating homeowners insurance policies.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Stack, Brian P.
Last action
2026-05-21
Official status
Introduced in the Senate, Referred to Senate Commerce Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits insurers from using credit history when evaluating homeowners insurance policies.

Prohibits insurers from using credit history when evaluating homeowners insurance policies.

What This Bill Does

  • Prohibits insurers from using credit history when evaluating homeowners insurance policies.
  • Topic: Commerce Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-21 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Commerce Committee

Official Summary Text

Prohibits insurers from using credit history when evaluating homeowners insurance policies.
Topic:
Commerce
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S4326

SENATE, No. 4326

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MAY 21, 2026

Sponsored by:

Senator� BRIAN P. STACK

District 33 (Hudson)

Senator� ANGELA V. MCKNIGHT

District 31 (Hudson)

SYNOPSIS

���� Prohibits insurers from using credit history when
evaluating homeowners insurance policies.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act

concerning credit history and homeowners
insurance policies and supplementing Title 17 of the Revised Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� An insurer or insurance producer shall
not:

���� a.���� Deny, cancel, refuse to renew, or raise
the premium of a homeowners insurance policy, or provide a higher premium than
the insurer or insurance provider would otherwise provide, in whole or in part
on the basis of an insured�s or applicant�s credit history;

���� b.��� Use an insured�s or applicant�s credit
history as a factor, in whole or in part, when assessing an insured�s or an
applicant�s risk level regarding:

���� (1)�� the provision or removal of a discount;

���� (2)�� assigning the insured or applicant to a
rating tier; or

���� (3)�� placing an insured or applicant with an
insurance agent; or

���� c.���� Use an insured�s or applicant�s credit
history to evaluate in whole or in part, an insured�s or applicant�s
eligibility for certain payment plans.

���� 2. This act shall take effect
90 days after the date of enactment.

STATEMENT

���� The bill prohibits insurers
from using an individual�s credit history when determining homeowners insurance
premiums.

���� Insurers currently use
credit-based insurance scores, which are based on an individual�s credit
history, in the process of determining premiums.� This can lead to homeowners
with lower scores being charged higher premiums for coverage.� This bill
intends to make obtaining homeowners insurance equitable for residents in this
State by removing the use of credit history in homeowners insurance premiums
determinations.