IBC.CODE Flashcards

1
Q

identify IBC’s guidelines on the use of credit information (4)

A

ACCURACY: credit into should be up-to-date & accurate
CONSENT: require informed/deemed consent
NO REFUSAL: insurer can’t refuse to quote if insured doesn’t give credit score consent
DOUBLE-COUNTING: forbidden - ensure that credit score is only used once in rating procedure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly