Colorado Regulators Approve Life Insurance AI Rules
September 26, 2023 by Allison Bell
The Colorado Division of Insurance has approved a closely watched regulation that could affect how life insurers use outside vendors’ artificial intelligence systems, and any other outside sources of data or analytical technology, in life insurance underwriting.
The new regulation prohibits life insurers from using data and tech from outside sources in a way that could lead to unfair discrimination with respect to race.
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