user33658
01-27-2005, 05:18 AM
SEATTLE POST-INTELLIGENCER STAFF AND NEWS SERVICES
Thursday, January 27, 2005
Washington's laws restricting the use of credit scores to set insurance rates are set to be sharpened July 1, but state lawmakers yesterday saw a pair of bills that would ban the practice altogether.
State Insurance Commissioner Mike Kreidler signed regulations Dec. 30 forcing insurance companies to better explain why scores might have negatively affected consumers' premium rates. Kreidler's spokeswoman said yesterday that if the commissioner had the authority to ban credit scoring, he would.
Thursday, January 27, 2005
Washington's laws restricting the use of credit scores to set insurance rates are set to be sharpened July 1, but state lawmakers yesterday saw a pair of bills that would ban the practice altogether.
State Insurance Commissioner Mike Kreidler signed regulations Dec. 30 forcing insurance companies to better explain why scores might have negatively affected consumers' premium rates. Kreidler's spokeswoman said yesterday that if the commissioner had the authority to ban credit scoring, he would.