RS 22:1510: Filing

A. Insurers that use insurance-related scoring systems to underwrite and rate risks shall file their scoring models or other scoring processes with the Department of Insurance. A third party may file scoring models on behalf of insurers. A filing that includes insurance scoring may include loss experience justifying the use of credit information.

B. Any filing relating to credit information is considered a trade secret under R.S. 51:1431.

Filing; review by commissioner

A.(1) Insurers that use insurance-related scoring systems to underwrite and rate risks shall file their scoring models or other scoring processes with the Department of Insurance. A third party may file scoring models on behalf of insurers. A filing that includes insurance scoring may include loss experience justifying the use of credit information.

(2) The commissioner shall review the scoring models or other scoring processes filed with the department pursuant to this Subsection to ensure compliance with the requirements of this Subpart.

B. Any filing relating to credit information is considered a trade secret pursuant to the Uniform Trade Secrets Act, R.S. 51:1431 et seq.