CAS Exam 6C Spring 2015, Question 6
Study guide: Exam 6C
An insurer is considering using aggregate credit scores by postal code to price policies for property insurance. Discuss four aspects the insurer needs to consider before adopting the use of credit scores.
Part a (2 points)
Answer this question and see the worked solution
Concepts tested
- Credit-Based Insurance Scoring
- Risk Classification Restrictions
- Unfair Discrimination
- Territorial Rating