Provides state-by-state statutes regulating credit scoring in underwriting personal lines policies.
March 23, 2021 at 10:30 AM
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Credit scoring, while being an accurate factor in predicting future insurance claims, has long been controversial. It is seen as discriminating along racial and income lines. This chart provides information on a state-by-state basis as to whether or not credit scoring is allowed by the state, how and when it can be used, can it be used for cancellation and nonrenewals, required disclosures and consumer protections. For a discussion of the issues see Discrimination, Underwriting, and Auto Insurance.
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