Provoked by word that GEICO uses education and job levels torate auto risks, an influential New Jersey legislator hasintroduced a measure to bar all insurers' use of suchstandards.
Assemblyman Neil Cohen, D-Union, said he introduced a billyesterday (A2819) that would bar the use of education andoccupation as rating factors in automobile insurance underwriting.The bill would also bar the collection of that information forapplication or renewal, he added.
Mr. Cohen, who chairs the Assembly Financial Institutions andInsurance Committee, took his action in response to a newspaperreport last week that GEICO uses an individual's education and jobstatus in its underwriting of risk.
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