OIR Issues Notice of Proposed Rule Development: Use of Credit Reports and Credit Scores by Insurer
Oct 2, 2008
The Florida Financial Services Commission, Office of Insurance Regulation, has issued a Notice of Proposed Rule Development regarding proposed Rules 69O-125.005, and .006: Use of Credit Reports and Credit Scores by Insurer. A copy of the Notice is attached for your review.
The proposed Rules would implement the provisions in Florida law addressing compliance, statistical detail and the standards necessary to ensure that rates or premiums associated with credit reports or scores are not unfairly discriminatory. The proposed Rules also would address standards for the review of models, methods, programs, or other processes that produce credit scores to determine that they are not unfairly discriminatory. The proposed Rules would establish standards and requirements for the use of credit reports or scores by insurers.
If requested in writing and not deemed unnecessary by the agency head, a Rule Development Workshop would be held at the date, time, and place below:
Date: Monday, October 27, 2008 at
Time: 9:30 a.m.
Place: 116 Larson Building, 200 East Gaines Street, Tallahassee, Florida
Should you have any questions or comments, please do not hesitate to contact Colodny Fass.
To unsubscribe from this newsletter, please send an e-mail to ccochran@cftlaw.com