Homebound Insurance Exchange has filed a rate and rule update in Tennessee to introduce a credit-based insurance scoring model for its owner-occupied homeowners program. The filing seeks approval to use the TransUnion CreditVision Insurance Score, with an effective date of February 16, 2026, for both new and renewal business.

Homebound is proposing to apply the CreditVision model as a rating factor, consistent with a previously approved framework used by National Summit Insurance Company.

According to the filing, the CreditVision score is designed to predict relative insurance loss costs using enriched consumer credit data, while excluding prohibited attributes such as income, gender, zip code, ethnicity, and medical collection accounts to comply with Tennessee regulations. The score ranges from 300 to 900, with higher scores indicating lower expected risk.

Homebound is domiciled in Texas and operates as a reciprocal insurer. The Tennessee filing was submitted on January 16, 2026, and is currently under prior approval review by the state.