Posted On: June 21, 2007, 11:30 am CDT

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According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.
According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.
According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.
According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.
According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.
According to Vaughan and Vaughan, Fundamentals of Risk and Insurance (8th edition): "In most cases, the customer is asked to purchase a product in which he or she becomes a party to a contract that he or she has not read nor would understand if it were read." That is almost an open invitation to fraud. When selling the contract or when paying claims under it, insurance personnel know that the buyer or claimant may be at their mercy. Claims adjusters, anxious to make a record by denying claims, have a field day. Insurance agents, anxious to earn commissions, can also join the field day in puffing and misrepresenting policies.