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The following statement by the
* Commissioner Kreidler's ban has disproportionately impacted senior citizens, many of whom are on fixed incomes, and resulted in higher premiums for over 1 million
* Commissioner Kreidler's ban on credit history results in lower risk policyholders subsidizing higher risk policyholders.
* The use of credit history in underwriting is highly predictive and reliable in determining the likelihood of losses, enabling insurers to price risks appropriately.
* This ban has "disrupted" the insurance market in
"APCIA will continue to challenge the ban on credit history in