Industry representatives clashed with each other and consumer groups Monday before a New Jersey legislative hearing considering a ban on job and education status as personal lines underwriting criteria.
Legislators began questioning the use of such information after it came to light through press reports that GEICO uses the information as part of its underwriting criteria.
In testimony before the New Jersey Senate Commerce Committee, Property Casualty Insurers Association of America regional manager Richard Stokes discussed the positive impacts of the auto reforms of 2003 and the need for insurers to use tools that will assist them in providing lower and more stable rates for New Jersey drivers.
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