40-5108. Insurance score models, filing required; trade secret. (a) Each insurer that uses insurance scores to underwrite and rate risks shall file the procedure required by paragraph (b) of K.S.A. 40-5107, and amendments thereto, and such insurer's insurance scoring models or other insurance scoring processes with the insurance department. A third party may file with the insurance department such third party's scoring models or other scoring processes used on behalf of an insurer. Any filing that includes insurance scoring may include loss experience justifying the use of credit information.
(b) Except for the procedure required by paragraph (b) of K.S.A. 40-5107, and amendments thereto, any filing relating to insurance scoring models or other insurance scoring processes shall be considered to be a trade secret and confidential under the open records act.
History: L. 2003, ch. 88, ยง 9; July 1.
Structure Kansas Statutes
Article 51 - Insurance Score Act
40-5105 Re-underwriting or re-rating consumer, when; overpayment of premium.
40-5106 Disclosure requirements.
40-5107 Adverse action; notice to consumer, contents.
40-5108 Insurance score models, filing required; trade secret.
40-5109 Studies; report to legislature.
40-5110 Indemnification, when required.
40-5111 Prohibition against use of certain information; exceptions.
40-5112 Powers of commissioner.
40-5113 Rules and regulations.
40-5115 Credit information; use by insurers; extraordinary life circumstances; limitations.