NAII Urges Utah To Revise Credit-Scoring Rule
NU Online News Service, March 5, 1:05 p.m. EST?An insurer trade group contends that a Utah credit-scoring draft rule conflicts with a recently passed law permitting the use of credit reports in personal lines underwriting.
The Des Plaines, Ill.-based National Association of Independent Insurers is urging the Utah Department of Insurance to revise its draft rule on credit-based insurance scoring. The NAII is advocating allowing the use of this underwriting tool, as long as it is risk-related and factors other than credit information are considered.
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