Credit Scoring Debated At NAIC MeetingInsurance regulators reviewing the use of credit scores in theunderwriting and rating process continue to face conflictingopinions from industry groups and consumer advocates.

Currently, the National Association of Insurance CommissionersCredit Scoring Working Group is mulling an independent study to beconducted or coordinated by the association. The study, if it wereto be undertaken, would focus on credit scoring issues, includingwhether the insurer use of credit scores may have a “disparateimpact” on certain minority and low-income groups.

“I think the study should be done, but we want to first developperimeters of the study–identify the questions we want answers to,”Mike Kreidler, co-chair of the market regulation and consumeraffairs committee for the credit scoring working group, toldNational Underwriter.

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