Legislation that would ban property-casualty insurers' use of consumer credit records to evaluate and rate customers has been introduced in the Colorado Legislature.
Rep. Dorothy Butcher, D-Pueblo, filed the measure (HB 1143) Tuesday in the state House of Representatives. The bill would bar property-casualty insurers from using credit scores to accept, deny or rate a potential customer for underwriting purposes.
The bill has been assigned to the House Business Affairs and Labor Committee. It is not the first time such legislation has surfaced, noted Christian Rataj, Western state affairs manager for the National Association of Mutual Insurance Companies.
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