Mich. High Court Nixes State Ban On Insurance Scoring

Law360, New York (July 9, 2010, 6:47 PM EDT) -- Michigan's highest court has struck down rules banning the use of credit scores in setting insurance premiums, finding that the state's insurance regulator exceeded its authority when it instituted the ban in 2005.

In a 4-3 ruling handed down Thursday, the Michigan Supreme Court found that the ban on the practice of insurance scoring — using credit information to set automobile and homeowner premiums — was contrary to the state's own insurance code.

The dispute between Michigan's Office of Financial and Insurance Regulation and a coalition...
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