Midwest News
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Mich. Judge Rules Insurance Scoring Ban Illegal
Midwest News • April 26, 2005
Michigan's Office of Financial and Insurance Services overstepped its authority in issuing rules that prohibited the use of credit-based insurance scores, according to a Michigan Circuit Court ...
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| Subject | Posted By | Posted On |
|---|---|---|
| order diet information pill prescription | prescription | Oct 3, 2005, 9:51 pm |
| Credit Scoring Ban | Ames | Aug 28, 2005, 1:52 pm |
| Finally some backbone | GB | Apr 27, 2005, 2:53 pm |
| One in the same | Jeb | Apr 27, 2005, 2:27 pm |
| Credit scoring | RC | Apr 27, 2005, 9:16 am |
| RE: Credit Scoring | Dude | Apr 27, 2005, 8:32 am |
| Credit Scoring | Jay | Apr 27, 2005, 7:53 am |
| Just another reason why every state... | CIB | Apr 26, 2005, 5:21 pm |
| Think credit scoring needs to be looked at again | Pat | Apr 26, 2005, 2:30 pm |
| Credit Scoring Ban Illegal | John O'Brien | Apr 26, 2005, 1:33 pm |
| Score 1 for the good guys | LLCJ | Apr 26, 2005, 1:15 pm |
| Back to article | ||
Subject: Just another reason why every state...
A checkoff at premium time would provide funds to review such issues and lobby apropriately.
A Senator in my state told me that he had sponsored legislation that limited the scope of CS in setting rates. He is a Republican and an owner of an Independent Insurance Agency. He feels the CS process is too easily skewed and too difficult to correct. "Often not fair" were words he used specifically.
He told me that in response to his sponsorship of the bill, "Several key companies attemepted to cancel their contracts" with him. They even told him the reason.
Uh RICO anyone? Time to rein it in a bit ladies and gentlemen. Spitzer and Madigan are nowhere near done. Actually with that in mind you may as well get while the getting is good.
We'll see you around the settlement table.