Provoked by word that GEICO uses education and job levels to rate auto risks, an influential New Jersey legislator has introduced a measure to bar all insurers' use of such standards.
Assemblyman Neil Cohen, D-Union, said he introduced a bill yesterday (A2819) that would bar the use of education and occupation as rating factors in automobile insurance underwriting. The bill would also bar the collection of that information for application or renewal, he added.
Mr. Cohen, who chairs the Assembly Financial Institutions and Insurance Committee, took his action in response to a newspaper report last week that GEICO uses an individual's education and job status in its underwriting of risk.
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