The American Insurance Association (AIA) is seeking major changes in regards to the New Hampshire Insurance Department’s (NHID) proposed regulation for the use of credit scoring by insurers.
During a meeting of the Joint Legislative Committee on Administrative Rules, AIA noted it was looking for changes which would make for a more workable regulation.
In its recommendations, AIA is seeking the elimination of the requirement for written permission. In the alternative, AIA proposes that a notice requirement take the place of the written authorization requirement.
Was this article valuable?
Here are more articles you may enjoy.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Toilet Paper Warehouse Fire Investigators Review Viral Video 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
