Kucera.Credit - Revision history

Graham at 15:03, 27 January 2026

2026-01-27T15:03:35Z

Graham at 08:39, 27 November 2025

2025-11-27T08:39:04Z

Graham at 00:04, 20 April 2025

2025-04-20T00:04:54Z

Graham: /* Definition of Credit Score */

2025-04-04T17:58:33Z

‎Definition of Credit Score

Graham at 12:48, 2 April 2025

2025-04-02T12:48:50Z

Graham at 21:21, 3 July 2024

2024-07-03T21:21:46Z

Graham at 19:46, 23 June 2024

2024-06-23T19:46:02Z

Graham: /* BattleCodes */

2021-08-22T23:18:32Z

‎BattleCodes

Graham: /* Social Concerns */

2019-09-06T12:59:48Z

‎Social Concerns

Graham: /* Definition of Credit Score */

2019-02-27T13:24:52Z

‎Definition of Credit Score

@@ Line 53: / Line 53: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Kucera&suffix=Credit&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/kucera-credit<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/kucera-credit/200<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==In Plain English!==

@@ Line 3: / Line 3: @@
 '''Author''': Kucera, J.,
-[https://www.battleacts6us.ca/vanillaforum6us/categories/kucera-credit<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/kucera-credit/200<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> &rarr;

← Older revision		Revision as of 00:04, 20 April 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/kucera-credit<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/kucera-credit<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →
		+	[https://battleacts6us.ca/video/290_Credit_Scores_Kucera_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(3:45) → Credit Scores 1 - General Overview'''</span>]
		+	([[Videos \|Click here for all currently available videos.]])

	{\| class='wikitable' style='background-color: navajowhite;		{\| class='wikitable' style='background-color: navajowhite;

@@ Line 63: / Line 63: @@
 |}
-Let's try to understand what this is all about. '''First''', what specifically would insurers '''like''' to use credit scores for:
+Let's try to understand what this is all about. What specifically would insurers '''like''' to use credit scores for:
 * as an U/W criterion

@@ Line 9: / Line 9: @@
 || '''BA Quick-Summary''': <span style="color: green;>'''Credit-Based Insurance Scores'''</span>
-At an NAIC hearing in 2009, Jeff Kucera (AAA member) discussed credit scoring as a rating variable. Although credit scores can be distorted by downturns in the economy, he felt that credit score is a good rating variable.
+* At an NAIC hearing in 2009, Jeff Kucera (AAA member) discussed credit scoring as a rating variable.
 |}

← Older revision		Revision as of 23:18, 22 August 2021
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	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Kucera&suffix=Credit&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Kucera&suffix=Credit&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	~~==BattleCodes==~~
−
−	~~Memorize:~~
−	* defn of credit score
−	* uses of credit score
−	* arguments for and against using credit scores
−	* regulators' concern in an economic crisis & actuary's response
−
−	~~Conceptual:~~
−	* Can you integrate the info from this reading with the other parts of the syllabus that are related?
−
−	~~Calculational:~~
−	* none
−
−	[https://www.battleactsmain.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=AAA&suffix=CrdSc&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.''' </span>
−
−	[https://www.battleactsmain.ca/vanillaforum/categories/aaa-crdsc<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

	==POP QUIZ ANSWERS==		==POP QUIZ ANSWERS==

@@ Line 76: / Line 76: @@
 ::: <span style="color: red;">'''M'''</span>anipulation ''(credit scores are difficult to manipulate because they are calculated by 3rd party companies, not self-reported)''
 ::: <span style="color: red;">'''O'''</span>bjective ''(credit scores are based on numerical data so they are objective)''
-::: <span style="color: red;">'''R'''</span>emoval ''(removing credit scores won't change <u>aggregate</u> premium.)
+::: <span style="color: red;">'''R'''</span>emoval ''(removing credit scores won't change <u>aggregate</u> premium, provided an off-balance is applied)
 ::: <span style="color: red;">'''e'''</span> '' (doesn't stand for anything,  I needed the "e" to spell Alice's favorite snack)''

@@ Line 55: / Line 55: @@
 * as an U/W criterion
 * as a rating variable
 So, if you have a low credit score, you may be outright rejected or you may be charged a high rate. But it also works the other way: If you have a good credit score, you'll likely get a lower rate. The issue that regulators have is that credit scores may be '''unfairly discriminatory''' and that would violate one of the main principles of actuarial pricing ''(Principle #4)''