Posted On: February 24, 2005, 1:08 pm CST

Posted By: Cliff McKelvy

I testified before the committee for consumers. I have been an insurance agent for 27 years. I support HB 23/SB 167. I support the ban on credit scoring issues. I know consumers are not happy with their insurance rates. Credit scoring is another segmentation of families and a subdivision of insurance risks, in my opinion. Insurance credit scoring will force families to purchase "adequate" insurance through assigned risk pools. This is against public policy and is not equitable for consumers. For my part,lower credit scored families, minorities, and potentially a great majority of consumers will subsidize those individuals with higher credit scores. Question: When major corporations, multi-billion dollar companies and/or wealthy individuals file for bankruptcy protection, yet continue to do business, who picks up their tab? BAN INSURANCE CREDIT SCORING AND IT'S PROGENY.