Insurers are faced with a rather daunting challenge when itcomes to compliance issues.
As a general matter, they're subject not only to all the lawsand regulations that every other business is subject to, butthey're also subject to special insurance-specific laws andregulations applicable to every part of the insurance function,including marketing and sales, underwriting and payment of claims.In addition, because insurers are regulated at the state level,companies that operate in a number of states can be subject to awide variety of standards in each state.
The point here is not to feel sorry for insurance companieshaving this burden, but to recognize that compliance is indeed achallenge and that insurers should be allowed to engage inpractices that facilitate their compliance. This is especially truewhen one considers that the laws and regulations that insurers mustcomply with are generally meant to protect consumers.
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