Calif. Imposes Regulations To Prevent Illegal Insurance Recissions

August 6, 2010

  • August 6, 2010 at 12:58 pm
    Mike N says:
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    This couold be a step in the right direction. There should be absolute specifics for recission. Of course, we all know clear and specific can still be destroyed in court (see: DNA/OJ) by scumbag attorneys. But this does seem like a step in the right direction.

    At the same time, one of the new regs listed seems rather specious. To quote “Allow consumers to indicate that they are unsure of or cannot remember the answer to a particular health history question.” While this seems sensible enough, it looks as though someone could easily say they don’t remember almost anything. With the “right” attorney that could easily be exploited, at which point all of us would have to pay for that “mistake” in higher premiums.

    But overall a step inteh right direction. You should get what you paid for, barring outright fraud. Period.

  • August 10, 2010 at 9:14 am
    Anonymous says:
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    Right when I read the “Allow Customers to indicate that they are unsure of or cannot remember and answer” I thought the same thing.

    So Cali is regulating insurance. Thats all well and good, but my question is, what are they going to do when they catch more clients commiting insurance fraud? Are they going to hit them harder or just the same old slap-on-the-wrist?



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