Office of Insurance Regulation Informational Memorandum re Use of Credit Reports and Credit Scores 5/22/06
Jan 11, 2007
Attached please find an informational memorandum prepared by the Office of Insurance Regulation (OIR) regarding the use of the credit reports and credit scores. The Financial Services Commission has authorized OIR to begin implementation of the proposed rule requiring insurers to demonstrate their use of credit scores does not discriminate on the basis of race, color, religion, marital status, age, gender, income, national origin, or place of residence. This memorandum provides information on the two phases of implementation OIR plans to utilize. Please feel free to contact this office with any questions you may have.
Regards,
Katherine A. Scott