Unemployment Need to consider reason and length of time. Can use as a refer to underwriting but not as a blanket exclusion. Better options exist. Use of Credit Reports May not be used as sole underwriting criteria or as the reason for rejecting a risk. Company must prove the relationship to insurance risk and provide notification information to insureds as required under Fair Credit Reporting Act.
Company needs to file all factors that are considered and the scoring algorithm.
For more details, please see article in the October 1997 Bureau Newsletter.