DELAWARE’S DENN SEEKS CREDIT SCORE BAN:

New Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal lines insurance rating. State Senator Margaret Rose Henry and Denn said that legislation would be introduced on the first day of the 2005 General Assembly. It will prohibit the use of credit scoring by insurance companies in the fields of automobile and homeowners insurance. Democrat Denn’s predecessor, Donna Lee Williams, had opposed the Henry bill banning credit scores in insurance. The legislation, already filed as SB 2, will be sponsored in the House of Representatives by State Representative Dennis Williams. “The last time this legislation was heard in the state Senate, it was opposed by the insurance department and it failed by one vote. I expect that with a supportive insurance commissioner, we will see a different outcome this time around,” Denn said.

Topics Legislation