Texas Insurance Code

§ 559.151 — FILING REQUIRED

IN § 559.151Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 559. CREDIT SCORING AND CREDIT INFORMATION · Art. D. FILING OF CREDIT SCORING MODELS

Statute text

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(a)An insurer that uses credit scores to underwrite and rate risks shall file the insurer's credit scoring models or other credit scoring processes with the department.

(b)Another entity may file credit scoring models on behalf of an insurer.

(c)A filing that includes credit scoring may include loss experience justifying the use of credit information.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.020(a), eff. September 1, 2005.