Texas Insurance Code 559.057 – Sale of Policy Term Information by Consumer Reporting Agency Prohibited
(a) A consumer reporting agency may not provide or sell data or lists that include any information that, in whole or in part, was submitted in conjunction with an insurance inquiry about a consumer’s credit information or a request for a credit report or credit score, including:
(1) the expiration dates of an insurance policy or any other information that may identify periods during which a consumer’s insurance may expire; and
(2) the terms and conditions of the consumer’s insurance coverage.
(b) The restriction under Subsection (a) does not apply to data or lists that the consumer reporting agency provides to:
(1) the agent from whom information was received;
(2) the insurer on whose behalf the agent acted; or
(3) that insurer’s affiliates.
Terms Used In Texas Insurance Code 559.057
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
- Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC
(c) This section may not be construed to restrict the ability of an insurer to obtain a claims history report or a report regarding a motor vehicle.