The Massachusetts House of Representatives voted yesterday afternoon to ban the use of credit scores when underwriting and rating private passenger motor vehicle insurance. The Bill quickly passed through the House without much debate. Representative Michael Costello, a Democrat from Newburyport, called the ban on credit rating for auto insurance policies “a win for consumers.” […]
frank mancini
House Advances Ban on Use of Credit Scores in Auto Rates
The MAIA’s Legislative Bill to ban the used of credit scores when setting policy premiums received initial approval by the House last week. The Bill was filed earlier this year as Senate Bill No. 461 entitled An Act banning the use of certain socio-economic factors for insurance underwriting and rating of motor vehicle liability insurance. […]
MAIA Drops 2012 Ballot Initiative As Its Legislative Bill Advances
By Colleen Quinn STATE HOUSE NEWS SERVICE STATE HOUSE, BOSTON, OCT. 26, 2011….Insurance agents pushing to ban insurance companies from using credit scores, educational background and other socioeconomic factors when setting auto insurance premiums have dropped their plans to pursue a 2012 ballot question after reaching an agreement with a legislative committee reviewing at the […]
