Insurers Warn N.J. Not to Restrict Use of Education, Job Status in Rating
East News • March 6, 2007
New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a ...
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Subject: RE: Learn The Facts
Posted On: March 6, 2007, 4:04 pm CST
Posted By: Annon
Comment:
Quite right... a person's credit score says nothing about their race, religion, national origin, sexual orientation. Technically speaking it doesn't even say much about income level. Credit is responsibility. Being responsible enough to manage finances and debt and to pay on that debt in a timely manner. If a person can't be responsible enough for that it often manifests in other aspects of their lives (as proven by multiple studies). Additionally, a person who can't pay bills won't pay insurance invoices and are more likely to cancel early before a company is able to make profit to offset initial costs of writing a new business policy.
Subject: RE: Learn The Facts