NYSDFS should also look into how claims are paid. We are required by law to have a minimum of 50/100/50 in coverage. However, the
insurance companies are not required by law to pay out up to the minimum of 50/100/50. They can choose at anytime to send you to
an IME doctor who is paid by the insurance company to deny claims,
this leaves the insured responsible for thousand in medical bills.
Where is the Insurance company putting the monies they don’t pay out. Back into their pockets. Wouldn’t this be considered racketerring? Who’s protecting injured victims, definately not our insurance companies.
NYSDFS should also look into how claims are paid. We are required by law to have a minimum of 50/100/50 in coverage. However, the
insurance companies are not required by law to pay out up to the minimum of 50/100/50. They can choose at anytime to send you to
an IME doctor who is paid by the insurance company to deny claims,
this leaves the insured responsible for thousand in medical bills.
Where is the Insurance company putting the monies they don’t pay out. Back into their pockets. Wouldn’t this be considered racketerring? Who’s protecting injured victims, definately not our insurance companies.