(a) Insurers that use insurance scores to underwrite and rate risks must file their scoring models (or other scoring processes) with the Department. A third party may file scoring models on behalf of insurers. A filing that includes insurance scoring may include loss experience justifying the use of credit information. (b) Any filing relating to credit information is considered to be a trade secret under the Illinois Trade Secrets Act.
215 ILCS 157/40
Filing
Known as the Use of Credit Information in Personal Insurance Act
The act spans §§ 215-157-1 to 215-157-99 (15 sections).
P.A. 93-114, eff. 10-1-03.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.