An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Income proxies

Factors like education level, occupation, or credit score that are not direct measures of income but often correlate with it, and are used to estimate a person's financial status.

Underwriting

The process an insurance company uses to evaluate the risk of insuring a person or property, and to decide whether to accept the application and how much to charge.

Rating

The process of determining the premium (price) for an insurance policy based on the evaluated risk.

Actuarially supported

When insurance rates are calculated based on statistical data and mathematical methods to accurately predict future claims and expenses, ensuring the rates are fair and sustainable.

Disparate impact

When a policy or practice that appears neutral on its face has a disproportionately negative effect on a group of people distinguished by race, gender, or other protected characteristics, even if there was no intent to discriminate.

Consumer report

Information collected by a reporting agency about a person's credit, employment, or other personal history, often used by businesses to assess risk.

Affiliate insurer