Abusing "discrimination" in insurance underwriting

Article Abstract:

A group of feminists are busy lobbying a bill with the goal of preventing property insurance from denying a claim if the policyholder's loss occurred because of 'abuse.' Furthermore, insurers are prohibited from cancelling policies or raising premiums on the basis of abuse-status or abuse-related claims of the applicant or insured. Insurers are presumed to practice fair and reasonable discrimination when they assess and classify applicants for insurance on the basis of risk. They have been granted by law with the authority to make reasonable classification according to its legal basis.

Insurance policies

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Single insurance license -- a European perspective

Article Abstract:

Insurance companies located in the European Union are able to take advantage of a directive creating a single licensing situation throughout Europe. A single license allows the company to operate anywhere in the Union, and the company's home country retains responsibility for overseeing the company. The directive has opened the market significantly to European customer, who are now able to choose products from companies throughout Europe.

Insurance industry, Licensing agreements, European Union

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OCC affirms state authority over bank insurance sales

Article Abstract:

The US Office of the Comptroller of the Currency (OCC) has drafted a letter affirming the authority of states to regulate sales of bank insurance. State insurance regulations also apply to national banks, under the OCC's approach. Several state regulators have issued guidelines placing regulatory oversights over banks' powers to sell insurance in anticipation of national guidelines on bank sales of insurance.

Commercial Banks, Commercial Banking, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Insurance Regulation, Banking industry, Economic policy, Powers and duties, State government, Insurance law, Deposit insurance, United States. Office of the Comptroller of the Currency

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