A Florida administrative law judge ruled yesterday that thestate's Office of Insurance Regulation (OIR) does not have theauthority to begin enforcing a rule governing insurers' use ofcredit information when that rule is still under administrativechallenge.
The judge's order prevents OIR from enforcement of the rule,which was scheduled to go into effect last Friday requiringinsurers to make filings providing proof that use of credit scoresdoes not have a disparate impact on a group of people defined byrace, color, religion, gender or age.
The filings must also include a complete description of themethodology utilized when using credit information and what impacthaving little or no credit history would have on policyholders,according to Florida Insurance Commissioner Kevin McCarty.
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