"This model law establishes clear rules for the sale of pet insurance and provides important disclosures to pet owners interested in purchasing this product," Beth Dwyer, superintendent of insurance for the Rhode Island Department of Business Regulation, said. (Credit: Brian Jackson/AdobeStock)
Members of the National Association of Insurance Commissioners (NAIC) passed a pet insurance model act, which institutes regulatory standards for pet coverage including consumer protections, rules for preexisting conditions and training requirements. States would still need to adopt the model law either as written or in a modified form.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
