Sec. 559.151. FILING REQUIRED. (a) An insurer that uses credit scores to underwrite and rate risks shall file the insurer's credit scoring models or other credit scoring processes with the department.
(b) Another entity may file credit scoring models on behalf of an insurer.
(c) A filing that includes credit scoring may include loss experience justifying the use of credit information.
Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.020(a), eff. September 1, 2005.
Section: Previous 559.002 559.003 559.004 559.051 559.052 559.053 559.054 559.055 559.056 559.057 559.101 559.102 559.103 559.151 559.152 NextLast modified: September 28, 2016