RULE 10.4 - INVESTIGATIONS
The following are primary information sources which will be used by the Underwriting Department to develop facts about the risk. This information is used for the purpose of determining desirability and proper classification.
1) Consumer Report
Any written, oral or other communication of any information by a consumer reporting agency bearing on a consumer’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics or mode of living which is used or expected to the used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer’s eligibility for insurance. A consumer report shall also mean a credit score or insurance score derived from the application of a mathematical formula to any data contained in a consumer report.
2) Building Inspections
A report requested from a professional reporting company which includes such information as condition of dwelling, upkeep of premises, identification of any special hazards, verification of dwelling size and construction and an estimate of value.
