Use of Credit Information (personal insurance)

IN Insurance Credit Scoring
active

Based on the NCOIL credit-scoring model, this chapter limits how personal-lines insurers use credit information. It bans scores built on income, gender, address, ZIP code, ethnicity, religion, marital status, or nationality, and bars decisions based solely on credit. It also requires disclosure, adverse-action notices, re-rating after credit corrections, and filing of scoring models.

Jurisdiction

Indiana

Jurisdiction Type

state

Country

United States

Effective Date

1/1/2004

Enforcing Authority

Indiana Insurance Commissioner / Department of Insurance

Fines Under This Regulation

0

Total Fine Amount (USD)

--