In letters sent to state insurance commissioners, CFA is asking for updated information on the pricing practices of companies in each state. In states where Departments of Insurance have issued bulletins to insurance companies generally clarifying that the use of price optimization techniques and related pricing approaches would constitute unfair discrimination under state law, CFA seeks to learn how the effort to curb price optimization is progressing in those states. In states where Departments of Insurance have not issued any such bulletin, CFA seeks an explanation as to why the department has not and what the department is doing to ensure that companies are not violating the tenets laid out in NAIC recommendations emphasizing that states should require that, under all insurer rating plans, “two insurance customers having the same risk profile should be charged the same premium for the same coverage.”

Letter to States With Price Optimization Bulletin

Letter to States With No Price Optimization Bulletin