Terms Used In Kansas Statutes > Chapter 40 > Article 51 - Insurance Score Act

• Adverse action: means any of the following in connection with the underwriting of personal insurance:

  (1) A denial or cancellation of coverage; or

  (2) a reduction or other adverse or unfavorable change in the terms of coverage of any insurance regardless of whether such insurance is in existence or has been applied for. See Kansas Statutes 40-5103

• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Applicant: means an individual who has applied to an insurer to be covered by a personal insurance policy. See Kansas Statutes 40-5103
• Commissioner: means the commissioner of insurance and any authorized designee of the commissioner. See Kansas Statutes 40-5103
• Consumer: means an insured whose credit information is used or whose insurance score is calculated in the underwriting or rating of a personal insurance policy. See Kansas Statutes 40-5103
• Consumer reporting agency: means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages, in whole or in part, in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties. See Kansas Statutes 40-5103
• Credit information: means any credit related information derived from a credit report, found on a credit report itself, or provided on an application for personal insurance. See Kansas Statutes 40-5103
• Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. ^{Source: OCC}
• Credit report: means any written, oral, or other communication of information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing or credit capacity which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor to determine personal insurance premiums, eligibility for coverage, or tier placement. See Kansas Statutes 40-5103
• Department: means the insurance department established by Kan. See Kansas Statutes 40-5103
• Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. ^{Source: OCC}
• Insurance score: means a number or rating that is derived from an algorithm, computer application, model, or other process that is based, in whole or in part, on credit information for the purposes of predicting the future insurance loss exposure of an individual applicant or insured. See Kansas Statutes 40-5103
• Minority leader: See Floor Leaders
• Personal insurance: means private passenger automobile, homeowners, motorcycle, mobile homeowners and non-commercial dwelling fire insurance policies and boat, personal water craft, snowmobile and recreational vehicle policies. See Kansas Statutes 40-5103
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201