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  • November 22, 2012

Introducing the Homeowners Insurance Credit Scoring Ban Act, 2012

Bill 108 would extend the ban on the use of credit scoring that was previously applied to auto insurance

On the afternoon of Monday, June 11, 2012, Mike Colle, MPP for Eglinton-Lawrence, introduced a private members' bill, Bill 108: The Homeowners Insurance Credit Scoring Ban Act, 2012, which calls for the extension of the credit score ban to homeowners insurance, where it passed First Reading.

At the present time in Ontario, credit scoring is not allowed when determining insurance rates for auto insurance, or when denying auto insurance to applicants.

Credit scoring is not banned in Homeowners insurance applications.

If this Bill is passed, it would ban the practice of credit scoring for homeowners insurance, condominium insurance, and tenant insurance.

"The use of credit scoring is a secretive and unfair practice, which results in home and property insurance being denied, or premiums going through the roof. It is time to ban this practice, that is especially hard on those who can least afford it, such as seniors, single family households, and small businesses," said MPP Colle.

"Mike Colle continues to demonstrate his commitment to protect consumers by reintroducing his bill to ban credit scoring from personal property insurance. Mike Colle helped ban credit scoring in auto insurance in 2005 and we are pleased he continues to show leadership on this most important issue", said Randy Carroll, Chief Executive Officer of the Insurance Brokers Association of Ontario.

Click here for a CBC Marketplace special on credit scoring.

For additional information, please contact the Office of Mike Colle, M.P.P. Eglinton-Lawrence at 416-314-6467 or, or visit

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