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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: RE: Credit Scoring

Posted On: April 27, 2005, 8:32 am CDT
Posted By: Dude
Comment:
I keep reading that there is nowhere to "figure out how FICO scoring works." There are several spots to do this. The best is www.myfico.com. I understand that there is a bunch of junk to buy their services, but there is some very valuable information for free. There is even a few brochures you can download for free. As an insurance agent, I feel it is not up to me to monitor my clients credit scores, but if it is going to have an impact on their premium or status, this information would only help.
As far as what to do about credit scoring; keep it. Not only does it project claims experience (which I feel is debatable), but it also leads into the administrative costs to process late payments, non-renewals, etc. and the issues surrounding them. However there should be exceptions for extenuating circumstances.
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
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