Use of Credit

xuchaofan

Hi,

According to FSCO.PPA, use of credit is prohibited for risk classification for PPA in Ontario. However, the PIPEDA report confirmed that use of credit score for pricing was acceptable. Are they talking about the same thing? If so, does it mean the credit information can be used in Ontario for other property insurance (like home) but not for PPA?

Thank you!

graham

That is correct. If you haven't seen it, this also is mentioned in the wiki here:

https://battleactsmain.ca/wiki6c/AAA.CrdSc#Related_Syllabus_Readings

xuchaofan

I see. I am not there yet. Thank you!