State Regulation

Groups urge Nevada Supreme Court to uphold Regulation Temporarily Banning the Use of Credit Information from Increasing Insurance Premiums

Consumer Federation of America and the Center for Economic Justice submitted an amicus brief urging the Nevada Supreme Court to uphold Nevada’s regulation temporarily banning the use of credit information from increasing insurance premiums. This rule will stop unfair discrimination caused by the COVID-19 pandemic, protect consumers from excessive premium hikes, and promote racial equality and fairness in insurance markets.

In early 2020, Insurance Commissioner Barbara Richardson issued this Regulation R087-20, which forbids the use of credit information in insurance starting on March 1, 2020 and extending until two years after the end of Nevada’s emergency declaration. Insurance companies sued to block the rule, which is currently being reviewed by the Nevada Supreme Court.”