§ 23-67-406. Dispute resolution and error correction
(a) If it is determined through the dispute resolution process set forth in section 1681i(a)(5) of the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., that the credit information of a current insured was incorrect or incomplete and if the insurer receives written notice of the determination from either the consumer reporting agency […]
§ 23-67-407. Initial notification
(a) (1) If an insurer writing personal insurance uses credit information in underwriting or rating a consumer, the insurer or its agent shall disclose either on the insurance application or at the time the insurance application is taken that it may obtain credit information in connection with the application. (2) The disclosure shall be either […]
§ 23-67-408. Adverse action notification
If an insurer takes an adverse action based upon credit information, the insurer shall: (1) Provide the consumer the name, address, and phone number of the person or division at the insurance company responsible for handling applicant or policyholder questions concerning credit-based underwriting decisions; (2) Provide notification to the consumer that an adverse action has […]
§ 23-67-409. Filing
(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. […]