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NAIC Investigates Credit-based Insurance Scoring in Shadow of Capitol Hill

The National Association of Insurance Commissioners held a public hearing April 30 in Arlington, Va., to examine credit-based insurance scores. Specifically, the hearing was held to focus on three issues: an explanation of what constitutes a credit-based insurance score; an explanation of how insurers use such scores; and a discussion on how the current economic crisis may have affected premiums related to credit-based insurance scores.

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