A North Dakota measure to ban insurers' use of credit data to set customers' premium rates appears to have little likelihood of passage, its sponsor conceded yesterday.
Under the measure proposed by State Sen. Tracy Potter, D-Bismarck, insurers would be barred from using credit information as a gauge for acceptance, denial, or renewal of personal insurance.
The bill (SB 2330) received a "do not pass" recommendation from the Senate Industry Business and Labor Committee when it was released from the committee on Tuesday for a floor vote.
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