You are here:HomeIssuesInsurance Scoring & Underwriting Issues2003Nebraska Legislature Adopts NCOIL Insurance Scoring Model

Nebraska Legislature Adopts NCOIL Insurance Scoring Model

Nebraska's legislature has adopted an omnibus insurance package (LB 216) that includes new restrictions on insurance-based credit scoring as well as a "file and use"...
June 10, 2003

Nebraska's legislature has adopted an omnibus insurance package (LB 216) that includes new restrictions on insurance-based credit scoring as well as a "file and use" system for rate filings. The bill's provisions on credit scoring are based a model developed by the National Council of Insurance Legislators (NCOIL). The NCOIL model requires an insurer to notify an applicant for insurance that credit information will be used in underwriting and rating; credit information cannot be used as the sole basis for denying, canceling or non-renewing a policy or increasing rates.