Quote:
Originally Posted by rahl
Any insurance company can sell in any state as long as they are state approved. My companies home state is in SC, but most of the business that I do personally is in OH and WV.
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I really don't want to do this since I'm actively moderating the thread, but this is absolutely wrong. In order to sell insurance in a given state (unless they're going to operate as an excess and surplus lines carrier, which a health insuror cannot do except in very unusual circumstances) they must file rates with the state as well as agree to operate under certain guidelines.
And getting state approval is not automatic and is not a simple procedure. It can take years. Ask any property insuror doing business in Florida about how long THAT takes.