California has passed a unique bill requiring pet insurers to disclose a breadth of baseline information to consumers, a practice that, according to the California Assembly, has been widely disregarded at the expense of pet owners.
The new bill, sponsored by Assemblyman Matt Dababneh, requires insurers to communicate their underwriting practices to pet owner’s such as taking into account the number of claims made, insurance limits, and if the policy excludes coverage due to a pre-existing condition or hereditary disorder.
The bill also gives consumers a “free look” period, where they can return their policy within 30 days for a full refund.
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