Insurance score definition

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 a consumer.
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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 history.
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Insurance score means a number or rating that is derived from an algorithm, computer
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Examples of Insurance score in a sentence

  • 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 a consumer.

  • A completed application includes: CLUE report for all DP 00 03 Completed RCT for all DP 00 03 Insurance score report Anti-arson application (MA only) If this necessary information is not received, we have the right to issue a legal notice of cancellation giving the insured proper notice in accordance with the state regulation.

  • Total score of PT.Adira Insurance score is 6 of 11 performance measures.


More Definitions of Insurance score

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 loss exposure of an individual applicant or insured.[PL 2003, c. 223, §1 (NEW).]
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Insurance score means a number or rating that is derived from an
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Insurance score means a number, rating or any categorization that is derived from an algorithm, computer application, model or other process that is based in whole or in part on credit history for the purposes of predicting the future insurance loss experience of an individual applicant or insured.
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Insurance score means a number or rating that is derived
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Insurance score means a number, rating, or grouping of risks that is based in whole or in part on credit information for the purposes of predicting the future loss exposure of an individual applicant or insured.
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Insurance score means, for the purpose of insurance underwriting
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Insurance score means a number or rating that is derived from an algorithm,
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