Are there any laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare?

Yes, there are laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare in the state of Texas. These laws are the same as those governing the use of algorithms for automated decision making nationwide, and are designed to protect consumers from potential abuse or discrimination. The Texas Administrative Code, Chapter 409, requires that automated decision-making systems, which includes computer algorithms, be capable of producing fair, accurate, and non-discriminatory results. Additionally, the Texas Insurance Code Chapter 22 requires those providing health insurance to adhere to certain standards, such as ensuring that computer-assisted decision-making processes are sufficiently transparent and provide meaningful feedback to consumers. The Texas Business and Commerce Code also contains several provisions that provide protection for individuals when computer algorithms are used in automated decision making. For example, Section 17.46 prohibits discrimination based on race, color, religion, sex, national origin, age, or disability when using automated decision making systems. Lastly, the state of Texas has recently passed several pieces of legislation to protect consumers from potential discrimination in computer algorithm decisions. These pieces of legislation include the Texas Consumer Protection Act and the Texas Big Data Act. Both of these acts require disclosure of data processing processes and provide protections for consumers from potential misuse or discrimination.

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Are there any laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare?

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