The fairness of rating auto insurance customers using their job title and education level will be investigated by the National Conference of Insurance Legislators, NCOIL said.
Their decision came at the organization's annual meeting Nov. 21 at Duck Key, Fla. The group also decided to hold a special session on the issue at the 2009 NCOIL Spring Meeting
Speaking of legislators' concerns with the emerging practice, incoming Property-Casualty Insurance Committee Chair Tennessee State Rep. Charles Curtiss, D- Sparta, said, "This is fundamentally a consumer protection issue. We will hear that the level of a person's schooling or the nature of his or her job has some worth. But we are called on, as elected officials, to determine whether insurers have the right to use these factors, whether strong restrictions are appropriate, or whether this form of underwriting simply goes against the public interest."
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