If a vendor searches for medical references in a text field, would that action comply with the law?
Yes. Collections identified with a medical industry code cannot be used. If medical history is not coded or identified, insurers and vendors are not required to perform additional research. (5) The law says an insurer cannot use the initial purchase or finance of a vehicle or house that adds a new loan to the consumer’s existing credit history to set rates or to deny insurance. Can my company use the number of such loans and/or the outstanding balance of such loans? An insurer may not use the initial purchase of a home or vehicle to affect eligibility for insurance or insurance premiums. The initial purchase is the first loan taken out to buy a home or vehicle. An insurer may evaluate any subsequent borrowing by a consumer. A method an insurer or vendor can use to comply with the law is to eliminate vehicle and home loans from the consumer’s debt load calculation. (6) The law says an insurer cannot use the total available line of credit to set rates or to deny insurance. Can my company
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