New Mexico to discuss Insurance Industry’s Use of Credit Data.
SANTA FE, NM - Insurance Superintendent Eric Serna intention to convene hearings in the country this summer to examine the insurance companies’ use of information on consumer credit in determining the tax rate or the granting of the car or at home.
State regulators market rates have rejected on the basis of assessments of credit, because it did not “pay motivation,” said State Insurance Supervision Division Analyst Fred J. Garcia.
However, a company credit to customers of the client to determine whether exposure to insurance and risk pool to be assigned, “said James C. Lullie, 25-year veteran insurance.
The risk pool, often regarded as the category in which the client
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