New Jersey A5096: Homeeowners insurance policies-prohibit insurers from using credit history

What the bill says

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

From the introduced text, May 14, 2026:

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 (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 …

Read the full official text

Sponsors

• Chigozie U. Onyema (D, 28) · primary sponsor
• Ed Rodriguez (D, 20)

Latest actions

1. May 14, 2026: INT 1RA REF AFI

Common questions

What is A5096?

A5096 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Homeeowners insurance policies-prohibit insurers from using credit history.

What does A5096 do?

In its own words: An Act concerning credit history and homeowners insurance policies and supplementing Title 17 of the Revised Statutes.

What is the status of A5096?

In committee as of May 14, 2026. Latest action: INT 1RA REF AFI (May 14, 2026).

Who sponsored A5096?

Chigozie U. Onyema (D, 28), with 1 co-sponsor.

Where is the official record for A5096?

On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5096