Regulators adopt first significant legislation for fast-growing pet insurance industry. Now, states must decide.
Regulators gathering at the National Association of Insurance Commissioners’ (NAIC) Summer National Meeting voted to adopt the Pet Insurance Model Act nearly three years after the Pet Insurance Working Group began its drafting process. “This model law establishes clear rules for the sale of pet insurance and provides important disclosures to pet owners interested in […]
Pet Insurance Model Law up for full vote at upcoming regulator meeting — again
The Pet Insurance Model Law, now three-years-in-the-making, was put to a vote today by Working Group charged with producing it, immediately followed by a vote by the full Property and Casualty Committee (C) membership. The law was adopted. “Thank you’s” were exchanged, and regulators rained confetti in the WebEx chat. For months this past winter, […]