A one-page summary of a consumer policy is probably not going to provide insurance buyers any greater insight to what they’ve just bought. On the commercial side, it would be a joke. You can’t condense pages and pages of text into a single page of explanatory bullet points without missing some significant coverage grants, terms, conditions and exclusions. This is an example of regulatory action that results in no actual benefit.
A one-page summary of a consumer policy is probably not going to provide insurance buyers any greater insight to what they’ve just bought. On the commercial side, it would be a joke. You can’t condense pages and pages of text into a single page of explanatory bullet points without missing some significant coverage grants, terms, conditions and exclusions. This is an example of regulatory action that results in no actual benefit.