The Texas Department of Insurance (TDI) is holding hearings today at its offices in Austin on proposed rules to further regulate the use of credit-based insurance scores.
The wide-ranging insurance reform bill SB 14, passed earlier this year by the Texas Legislature, includes provisions requiring a state study of insurance scoring and examination of insurers’ scoring models by TDI.
Consumer advocate Dan Lambe of Texas Watch told the Associated Press new rules should also include a cap on how much an insured can be “penalized” for bad credit.
The hearings will be available online at the TDI Web site in Real Audio.
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