Tennessee Code 56-5-205 – Filing of credit scoring models
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 56-5-205
- Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
- 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 Tennessee Code 56-5-201
- Department: means the department of commerce and insurance. See Tennessee Code 56-1-102
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
Insurers that use insurance scores to underwrite or rate risks must file their scoring models or other scoring processes with the department of commerce and insurance. A filing that includes insurance scoring shall include loss experience justifying the use of credit information. The filings shall be kept confidential by the commissioner of commerce and insurance and shall not be construed to be a public record pursuant to title 10, chapter 7.