6262822, 69O-125.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 6262822

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

UNFAIR DISCRIMINATION

Overview

RULE:

69O-125.005	Use of Credit Reports and Credit Scores by Insurers
69O-125.006	Unfair Discrimination in Use of Credit Reports or Credit Scores by Insurers

PURPOSE:

The proposed rule will implement the provisions of Section 626.9741, F.S., which addresses compliance; statistical detail and standards necessary to ensure that rates or premiums associated with credit reports or scores are not unfairly discriminatory; and standards for review of models, methods, programs, or other processes that produce credit scores to determine that they are not unfairly discriminatory. The rule will establish standards and requirements for the use of credit reports or scores by insurers.

SUBJECT:

Adopting standards for the review and approval of credit scoring models and methodologies.

RULEMAKING AUTHORITY:

624.308(1), 626.9741(8) FS.

LAW:

624.307(1), 626.9741 FS.

PRINT PUBLISH DATE:

10/10/2008 Vol. 34/41

RELATED STATUTES
AND LAWS:

624.308(1), 626.9741(8) FS., 624.307(1), 626.9741 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=69O-125.005&PDate=10/10/2008&Section=1

REFERENCE MATERIALS:

No reference(s).

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