it\’s about time something like this is done. in fact, it is time to do away with the individual states regulating insurance. since i am in claims and have worked across the country, having uniform coverage with endorsements for particular states along with NATIONAL UNIFORM LICENSING for the agents, adjusters and companies would make work much easier. Think of the cost savings for the carriers in terms of reporting, forms and compliance. WIN – WIN
I wouldn\’t count your chickens before they hatch. There is nothing that states that if you have an OFC system, that it is indeed going to lead to cost savings in the insurance industry.
If the federal government can\’t handle federal emergencies, medicare, or social security very efficiently, what makes you think that they would handle insurance efficiently?
Progress is indeed being made in the state systems to unify those parts of the industry that is possible to do so. You can\’t unify everything, because of the demographics being dealt with in various parts of the country. If you try to unify it under a federal system, more people inherently are going to get screwed, because federal agencies move slower than a snail on glue.
it\’s about time something like this is done. in fact, it is time to do away with the individual states regulating insurance. since i am in claims and have worked across the country, having uniform coverage with endorsements for particular states along with NATIONAL UNIFORM LICENSING for the agents, adjusters and companies would make work much easier. Think of the cost savings for the carriers in terms of reporting, forms and compliance. WIN – WIN
about time:
I wouldn\’t count your chickens before they hatch. There is nothing that states that if you have an OFC system, that it is indeed going to lead to cost savings in the insurance industry.
If the federal government can\’t handle federal emergencies, medicare, or social security very efficiently, what makes you think that they would handle insurance efficiently?
Progress is indeed being made in the state systems to unify those parts of the industry that is possible to do so. You can\’t unify everything, because of the demographics being dealt with in various parts of the country. If you try to unify it under a federal system, more people inherently are going to get screwed, because federal agencies move slower than a snail on glue.