(a)
(1) Insurers that use credit scores to underwrite or rate risks shall file their scoring models or other scoring processes with the State Insurance Department.
(2) A third party may file scoring models on behalf of insurers.
(3) A filing that includes credit scoring shall include loss experience justifying the use of credit information.
(b) Any proprietary consumer report scoring system or model filed with the Insurance Commissioner under this subchapter shall remain confidential unless otherwise directed by a court order.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 67 - Rates and Rating Organizations
Subchapter 4 - Use of Credit Information in Personal Insurance Act
§ 23-67-405. Use of credit information
§ 23-67-406. Dispute resolution and error correction
§ 23-67-407. Initial notification
§ 23-67-408. Adverse action notification
§ 23-67-411. Sale of policy term information by consumer reporting organization
§ 23-67-412. Fair Credit Reporting Act