Posted: 3/22/2011
AB 162, a bill that would ban the use of credit-based insurance scoring in underwriting and ratemaking, passed out of the Assembly Committee on Commerce and Labor on March 18 along party-lines. It has yet to be scheduled for an Assembly floor vote but will likely pass the Democrat-controlled Assembly (26-16 seats) some time this week or early next week. Consequently, the battle to protect insurance consumers from this legislative attempt to prevent insurers from using this well-established, pro-insurance-consumer insurance underwriting and rating tool will likely move to the Senate.