Comment to FTC (August 16, 2004)

CONSIDERATIONS REGARDING A STUDY OF THE USE OF CREDIT HISTORY FOR PERSONAL LINES OF INSURANCE: PUBLIC COMMENT TO THE FEDERAL TRADE COMMISSION RELATING TO GUIDANCE OFFERED TO THE NAIC American Academy of Actuaries Risk Classification Subcommittee of the Property/Casualty Products, Pricing, and Market Committee August 15, 2004 th1100 17 Street NW Seventh Floor Washington, DC 20036 Telephone 202 223 8196 Facsimile 202 872 1948 www.actuary.org August 15, 2004 Purpose The American Academy of Actuaries is the public policy organization for actuaries practicing in all specialties within the United States. A major purpose of the Academy is to act as the public information organization for the profession. The Academy is non-partisan and assists the public policy process through the presentation of clear and objective actuarial analysis. The Academy regularly prepares testimony for Congress, provides information to federal elected officials, comments on proposed federal regulations, and works closely with state officials on issues related to insurance. The Academy also develops and upholds actuarial standards of conduct, qualification and practice, and the Code of Professional Conduct for all actuaries practicing in the United States. The Risk Classification Subcommittee of the Academy is charged with assisting legislators, regulators, and other interested parties in evaluating actuarial practices related to the ...