CA-Adjusters Consumer Protection I

With the financial ruin of large numbers of policy holders, the entire industry became suspect, and the demand for legal intervention grew.  Litigation followed. With the financial ruin of large…

UNITED STATES V. SOUTH-EASTERN UNDERWRITERS, 322 U. S. 533 (1944) APPEAL FROM THE DISTRICT COURT OF THE UNITED STATES A fire insurance company which conducts a substantial part of its…

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…

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…

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…

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…

Fair Credit Reporting Act The Fair Credit Reporting Act (FCRA), enacted in 1970, is a federal law that regulates the activities of credit reporting bureaus. Private credit reporting bureaus, such…

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…

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…

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…

Telephone Privacy In addition to regulations governing what information can be gathered and how this information is to be protected, rules also govern the methods for gathering information from and…

The Affordable Care Act On the National level, The Affordable Care Act, passed on March 23rd 2010, contains one provision that Ensures Insurers and Plans Provide Simple Summaries of What…