NAMIC Sends Policymakers Credit Scoring Defense

NU Online News Service, July 7, 4:18 p.m. EDT?Insurer groups, defending their use of credit records to evaluate customers, have produced a white paper to argue to policymakers that the law permits the practice as long as it does not involve unfair discrimination.

The National Association of Mutual Insurance Companies said the paper was produced to convince governors, legislators and insurance regulators that attempts to apply a "disparate impact" legal standard to the use of credit-based insurance ignore case law and federal authorization of the practice.

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