INSURANCE SCORING

Indiana Farm Bureau Insurance provides insurance products and services in the state of Indiana. We utilize the Attract insurance scoring services provided by LexisNexis Risk Solutions Inc. The information below is taken directly from LexisNexis Risk Solutions Inc. If you click on either of the links below (FAQ's or Reason Codes) you will be directed to a new window, providing information within LexisNexis Risk Solutions Inc.'s website.

LexisNexis Risk Solutions Inc. delivers millions of credit reports and insurance scores to the insurance industry each year. To protect your rights, the Federal Credit Reporting Act (FCRA) provides that you are entitled to a free disclosure of your credit file if you have been adversely affected by such information, i.e, your insurance coverage has been denied, cancelled or limited, or your premium has been increased. The information below is basic information to help you understand LexisNexis Risk Solutions Inc.'s role in providing credit information, what an insurance score is, and why credit reports are used in insurance underwriting. We recommend that you access our Frequently Asked Questions (FAQ) for more in-depth information.

LexisNexis Risk Solutions Inc. is a reseller of credit reports and considered a Consumer Reporting Agency as defined by the FCRA. LexisNexis Risk Solutions Inc. delivers credit reports from credit bureaus (Equifax, Experian, TransUnion) to the insurance industry. We are not able to correct or otherwise alter the information contained on a credit bureau's credit report. However, if your report was ordered from LexisNexis Risk Solutions Inc., on behalf of an insurance company, we can facilitate the dispute of information that is inaccurate, incomplete or out-of-date on your credit report. If you have been adversely affected by your credit report, please follow our dispute procedures.

The use of credit and insurance scores in the insurance industry:
Insurance companies use credit reports, along with an insurance score, to accurately calculate risk. Studies have shown a correlation between the financial history of a person and his/her future insurance loss potential. As a result, insurance companies incorporate the use of insurance scores in their pricing and underwriting to enable them to offer insurance coverage to more consumers at a fair cost.

If you have been adversely affected by your credit information, the Consumer Reporting Agency that provided it shall, upon your request, clearly and accurately disclose to you all information in your file at the time of your request. However, the FCRA does not require a Consumer Reporting Agency to disclose to a consumer any information concerning insurance scores to the consumer.

However, LexisNexis Risk Solutions Inc. believes information regarding insurance scores and reason codes is valuable to consumers and offers our LexisNexis Risk Solutions Inc. AttractTM insurance score, along with a credit report, on www.choicetrust.com at a charge. LexisNexis Risk Solutions Inc. is the leading provider of insurance scores. However, in addition to the LexisNexis Risk Solutions Inc. Attract Score, there are other insurance score models that may be used by insurance companies. To find out more information on insurance scores, please access our FAQs.

To provide a better understanding of the LexisNexis Risk Solutions Inc. Attract score, we are now offering expanded reason codes. If you received a notice from your insurance company that shows LexisNexis Risk Solutions Inc. Attract was used and you have the reason codes associated with your score, click here to search for the reason code number and you will receive the expanded explanation for what the reason code means.

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