Comment / Letter

Practice Councils Engage With Colorado on Antidiscrimination Law

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Publish Date:

10/26/2023

Category:

Policy & Research

Topics:

Casualty, Life Insurance

The Life Practice Council and Casualty Practice Council submitted comments to the Colorado Division of Insurance on its draft regulation, Concerning Quantitative Testing of External Consumer Data and Information Sources, Algorithms, and Predictive Models Used for Life Insurance Underwriting for Unfairly Discriminatory Outcomes. The comments reiterated support for Colorado’s initiative to prevent unfairly discriminatory practices in insurance and shared actuarial perspectives related to the design of the data testing requirement.