When is the deadline for insurers to file credit scoring models?
A. An insurer that is using an insurance credit scoring system to underwrite and rate risks (or entity acting on behalf of that insurer) on June 11, 2003 must file with TDI its credit scoring models not later than September 9, 2003 (the 90th day after June 11, 2003). An insurer that uses an insurance credit scoring system after June 11, 2003, must file the insurer’ insurance credit scoring models with TDI before using the models.
