Oregon Cracks Down on Credit Scoring Abuses by Insurers

Insurance Journal

Oregon Cracks Down on Credit Scoring Abuses by Insurers
January 31, 2003

Insurance companies will be prohibited from using credit records to cancel or not renew current policyholders under rules adopted by the Oregon Insurance Division. The division developed the rules in response to consumer complaints about the growing use of credit-based "insurance scores" to determine eligibility and premiums for auto and homeowner policies.

"We adopted these rules to crack down on a variety of insurer abuses with respect to the use of consumers' credit history," Oregon Insurance Administrator Joel Ario said. "Oregonians have a right to know if their credit record is being used for insurance purposes, how it's being used, and how they can correct any errors in their credit report."

The Insurance Division developed the rules with input from an advisory committee representing consumer groups! , insuran

Revised: 09/22/2006
		Insurance Journal Oregon Cracks Down on Credit Scoring Abuses by Insurers January 31, 2003 Insurance companies will be prohibited from using credit records to cancel or not renew current policyholders under rules adopted by the Oregon Insurance Division. The division developed the rules in response to consumer complaints about the growing use of credit-based "insurance scores" to determine eligibility and premiums for auto and homeowner policies. "We adopted these rules to crack down on a variety of insurer abuses with respect to the use of consumers' credit history," Oregon Insurance Administrator Joel Ario said. "Oregonians have a right to know if their credit record is being used for insurance purposes, how it's being used, and how they can correct any errors in their credit report." The Insurance Division developed the rules with input from an advisory committee representing consumer groups! , insuran
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