Insurance industry representatives are not in agreement as to whether legislative activity on insurance scoring is picking up in the states or holding steady.
However, what is indisputable is that a number of bills are on the table across the country that would stop carriers from using the tool to either underwrite and/or price auto or homeowners insurance.
Alex Hageli, manager of personal lines for the Property Casualty Insurers Association of America, listed the following bills that have been introduced as of Feb. 29 to ban the use of credit scoring in insurance.
o Arizona (HB 2635)
o Colorado (HB 1143)
o Connecticut (HB5151)
o Kentucky (HB 237)
o Maryland (HB 1459 and SB 866)
o Mississippi (HB 1387)
o Nebraska (LB 900)
o New Jersey (A 747)
o Oklahoma (SB 2149)
o Tennessee (H2751/SB2860)
o Washington (H2802)
o West Virginia (HB 3061)
o Wisconsin (SB 259)
o Wyoming (HB 125)
Of these bills, Mr. Hageli said Colorado's failed to pass the House, Wisconsin's passed the Senate but is "DOA in the Assembly," while Wyoming's did not make it out of committee.
Additionally, he said the bills in Kentucky, Mississippi, Nebraska, New Jersey, Oklahoma, Tennessee and Washington are either not moving, or not likely to get out of committee.
The bills in Maryland, he noted, are tied to a separate issue, and seek to ban the use of credit for rating. Maryland already bans its use for underwriting.
Meanwhile, the National Association of Mutual Insurance Companies reported last week that in Connecticut, legislation to prohibit the use of credit information in auto insurance rating was not approved before a procedural deadline by the Insurance and Real Estate Committee.
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