Hours 3

AL-Adjuster Consumer Protection Part 1

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Lessons

AL-Adjuster Consumer Protection Part 1 Chapter 4

McCarran-Ferguson Act Uncertainty followed the Southeastern Underwriters decision. Insurance companies preferred the state form of regulation to federal regulation and were concerned about possible changes, especially those that might relate…

AL-Adjuster Consumer Protection Part 1 Chapter 5

NAIC The McCarran-Ferguson Act left regulatory power firmly in the hands of the several states. Over the years, each state legislature and each state insurance department had its own interpretation…

AL-Adjuster Consumer Protection Part 1 Chapter 6

Free Looks and Grace Periods Before continuing our discussion, it is helpful to understand two of the more important consumer provisions that protect consumers from insurers and from themselves: free…

AL-Adjuster Consumer Protection Part 1 Chapter 7

Standardization Regulation One of the most direct forms of state control is the standardization of forms. Standardization helps consumers compare policies, and also assures the consumer that important protections are…

AL-Adjuster Consumer Protection Part 1 Chapter 9

Gramm-Leach-Bliley Act Information that many would consider private, including information insurance companies gather, is regularly bought and sold by banks, credit card companies, and other financial institutions. The Gramm-Leach-Bliley Act…

AL-Adjuster Consumer Protection Part 1 Chapter 10

Gramm-Leach-Bliely Act (GLBA) continued In 1999 Congress passed the Gramm-Leach-Bliley Act (GLBA), which took consumer information privacy to the next level by protecting personal health and financial information from unwanted…

AL-Adjuster Consumer Protection Part 1 Chapter 11

Providing Information to Insurance Consumers In addition to gathering information from clients, insurers and their representatives also provide information to their prospects in insurance marketing business. As is the case…