INSURANCE REGULATORS TO HOLD
HEARING ON CREDIT SCORING
WASHINGTON, D.C. (April 27, 2009) - The National
Association of Insurance Commissioners (NAIC) will hold a public
hearing Thursday, April 30, about insurance companies' use of credit
The hearing - co-hosted by the Property and Casualty
Insurance Committee and the Market Regulation and
Consumer Affairs Committee - will focus on the impact of
credit-based insurance score on consumers, including the following
- An explanation of what constitutes a credit-based insurance
- An explanation of how insurers use credit-based insurance
- A discussion on how current economic conditions have affected
policyholder premiums related to credit-based insurance scores.
"Credit scoring is one of the most significant developments in
the pricing of auto and homeowners insurance in the past 20 years,"
said NAIC President and New Hampshire Insurance Commissioner Roger
Sevigny. "Our goal is to protect consumers by ensuring that any use
of credit scoring does not have unfair or unintended
An agenda for the public hearing will be posted to www.NAIC.org once it is
||Public Hearing on Credit-Based Insurance
8:45 a.m. - 5 p.m.
Thursday, April 30,
Hyatt Regency Crystal City
2799 Jefferson Davis
Arlington, VA 22202
for more information about room rates and reservation
Click HERE for the complete public hearing notice.
About the NAIC
Formed in 1871, the National Association of Insurance Commissioners
(NAIC) is a voluntary organization of the chief insurance regulatory
officials of the 50 states, the District of Columbia and five U.S.
territories. The NAIC has three offices: Executive Office, Washington,
D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office,
New York City. The NAIC serves the needs of consumers and the industry,
with an overriding objective of supporting state insurance regulators as
they protect consumers and maintain the financial stability of the
insurance marketplace. For more information, visit www.naic.org.
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