Delaware Commissioner Proposes Total Ban on Credit Scoring

 

Delaware Insurance Commissioner Matt Denn and state legislators on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates. In 2006, a similar bill was amended to ban use of credit scores only on auto and homeowner insurance policy renewals and passed the Senate, but was not brought up for a vote in the House of Representatives. If passed, Senate Bill 31 would make Delaware one of the strictest states in the country on the issue of credit scoring in insurance.

Delaware Lawmakers Unveil New Bill to Ban Credit Scoring (Insurance Journal 3/2/07)

March 6, 2007

 

House Holds Hearing on Use of Credit Scores in Insurance

Kansas Governor Signs Flex-Rating Legislation

FTC Seeks Public Comments on Credit-Based Insurance Scores

Federal Bill Would Ban Insurance Credit Scoring

Patricia A. Borowski
Sr. VP, Government/Regulatory Affairs
patbo@pianet.org
(703) 518-1360

Mike Becker
Director of Federal Affairs
mikebe@pianet.org 
(703) 518-1365