New Tally Of Credit-Based Insurance Scoring Laws
NU Online News Service, Oct. 12, 4:05 p.m. EDT?Pennsylvania and Vermont are the only two states that have not enacted laws or regulations governing insurers' controversial use of credit background to grade customers, according to a new legislative box score from an industry trade group.[@@]
The analysis was released by the National Association of Mutual Insurance Companies in Indianapolis, which found five states have some credit scoring prohibition in place and 27 have a form of legislation that insurers favor.
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