OLYMPIA, Wash. (AP) — Washington state Insurance Commissioner Mike Kreidler has issued an emergency rule prohibiting insurers from using credit scoring to set rates for personal property for three years after the current coronvirus pandemic is declared over. The rule comes after a bill that would have permanently banned the practice stalled in the Legislature after being amended. Kreidler said his the rule was necessary since current temporary federal protections that placed a temporary hold on the reporting of certain negative credit information will end 120 days after the president declares an end to the coronavirus pandemic national emergency.
Emergency rule bans credit scoring in Washington for 3 years
