Has the government banned credit scoring for auto and home insurance? If just auto, why?
As far as the government is concerned the use of credit scores and credit information is prohibited when determining if a driver is insurable, or the premium a driver should pay. The government has strengthened the prohibition of the use of credit scoring for determining a driver’s insurability. Currently there is no ban on credit scoring on property insurance but FSCO is monitoring the situation and has recently conducted a survey to get a better understanding of the marketplace.
