SOUTH DAKOTA ALLOWS LIMITED USE OF CREDIT SCORES.The South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). Division of Insurance has adopted a bulletin permitting insurers to use credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. but prohibiting them from using credit scores as the sole reason for refusing to write a new policy or renew an old one. In the case of no credit history, the insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. has the choice of treating the applicant Applicant is a sketch written by Harold Pinter. It was originally written in 1959 and was first broadcast on BBC Radio 3 in 1964. Plot Applying for a job, a young man named Mr. as if he or she had a neutral score - excluding credit as a factor - or proving to the insurance director that absence of a score would increase risk for the insurance company. Bulletin 2002-3 takes effect Jan. 15 and applies to both homeowner and auto insurance. |
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