Mass. Agents Drop Ballot Effort on Credit Ban

The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational data in auto insurance. From now on, the group will focus on its ongoing legislative effort.

Until recently, MAIA and its 1,400 member agencies were working on gathering 69,000 signatures from voters to put the question on the 2012 state ballot. Massachusetts is already one of a few states with strict policies on the use of credit scores and other socioeconomic factors. But supporters of the ban have been saying it needs to be signed into law.

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