NAMIC: Credit-Based Insurance Scoring: Separating Facts From Fallacies

March 10, 2009

NAMIC Publishes Policy Briefing on Credit-based Insurance Scoring

Attacks on the use of credit-based insurance scoring are more serious than ever before. So far in 2009, at least 44 bills have been introduced in 24 states that would either severely restrict or completely ban the use of credit-based insurance scoring. It is also likely that Congress will introduce legislation to ban use of this tool later this year.

In an effort to educate policymakers about this important tool, NAMIC today published the policy briefing "Credit-Based Insurance Scoring: Separating Facts from Fallacies".

The briefing provides a review of the evolution of credit-based insurance scoring, the laws governing its practice, misconceptions about the tool, the impact of the financial crisis on insurance scores, and studies that have examined the impact of insurance scoring on consumers.

The policy briefing is intended to educate legislators and other policymakers who may be unfamiliar with insurance scoring and its utility as a predictive tool that benefits insurers and consumers alike.

The NAMIC advocacy staff is distributing the briefing to all member companies, state trade partners, state legislators, and members of Congress.

Please feel free to share this document with your local legislators and industry colleagues.

Direct questions to NAMIC Director of State Affairs Joe Thesing at This email address is being protected from spambots. You need JavaScript enabled to view it..