JoeTheJuggler
Penultimate Amazing
- Joined
- Jun 7, 2006
- Messages
- 27,766
I suggest you read up on the practice of rescission and post-claim underwriting. In particular, the "supplemental memo" which more or less summarizes the findings of the House Committee on Energy and Commerce's hearings on the subject.You do realize we do have a court system... if an insurer makes certain promises and breaks them, they would still be subject to lawsuits.
Under current law, these practices are legal.
ETA: So too are the anti-trust exemptions that exist in some states.
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