Tilted Forum Project Discussion Community - View Single Post - What would being able to buy health ins. across state lines do for me?

The_Jazz · 11-06-2009, 09:04 AM

Ace, as a guy that does this for a living every single day, let me tell you that it's not accurate AT ALL.

First, it is illegal in all 50 states to have non-admitted primary auto insurance. Period. No exceptions. Your Honda Civic will never, ever be insured by a non-admitted carrier.

All insurance carriers conducting business in a state, admitted and non-admitted alike, are beholden to state regulations. Non-admitted carriers answer to state regulators on a very regular basis. I know this because I am part of the process a lot of the time. A non-admitted carrier, for instance, has to follow the same cancellation procedures as an admitted carrier.

The difference is that admitted insurance carriers have to have their rates on file with the state and are only allowed to deviate off those using pre-determined (and filed) exceptions and using pre-determined coverage forms. Non-admitted carriers don't have to file rates or forms.

I go through these differences dozens, if not hundreds of times a day. It is what I do for a living.

Non-admitted insurance companies are the equivalent of auto insurance companies for bad drivers. They deal in the tough, nasty, hairy, claim-ridden accounts. Hotels on the beach in Florida, gun manufacturers, helmet importers, doctors that just got out of rehab, etc. all end up in the non-admitted arena.

I can think of hundreds of reasons why allowing non-admitted health insurance is a fantastically bad idea, not the least of which is that the consumer would get screwed more often than not.

---------- Post added at 11:04 AM ---------- Previous post was at 11:02 AM ----------

Also, the average surplus lines tax is around 3%, not all states charge a stamping fee, inspection fees get charged by admitted carriers all the time, inspectors visit accounts all the time and anyone buying coverage from a B++ non-admitted carrier is a fucking idiot that gets what they deserve. I can't even get an exception to transact business with a B++ carrier, not that I would ever want one since that's the sign of a carrier about to fold. I know you didn't write this, Ace, but this is one of those examples why you shouldn't assume that things are accurate on the internet. Whoever wrote this is not very familiar with my industry.

11-06-2009, 09:04 AM	#22 (permalink)
The_Jazz Asshole Administrator Location: Chicago	Ace, as a guy that does this for a living every single day, let me tell you that it's not accurate AT ALL. First, it is illegal in all 50 states to have non-admitted primary auto insurance. Period. No exceptions. Your Honda Civic will never, ever be insured by a non-admitted carrier. All insurance carriers conducting business in a state, admitted and non-admitted alike, are beholden to state regulations. Non-admitted carriers answer to state regulators on a very regular basis. I know this because I am part of the process a lot of the time. A non-admitted carrier, for instance, has to follow the same cancellation procedures as an admitted carrier. The difference is that admitted insurance carriers have to have their rates on file with the state and are only allowed to deviate off those using pre-determined (and filed) exceptions and using pre-determined coverage forms. Non-admitted carriers don't have to file rates or forms. I go through these differences dozens, if not hundreds of times a day. It is what I do for a living. Non-admitted insurance companies are the equivalent of auto insurance companies for bad drivers. They deal in the tough, nasty, hairy, claim-ridden accounts. Hotels on the beach in Florida, gun manufacturers, helmet importers, doctors that just got out of rehab, etc. all end up in the non-admitted arena. I can think of hundreds of reasons why allowing non-admitted health insurance is a fantastically bad idea, not the least of which is that the consumer would get screwed more often than not. ---------- Post added at 11:04 AM ---------- Previous post was at 11:02 AM ---------- Also, the average surplus lines tax is around 3%, not all states charge a stamping fee, inspection fees get charged by admitted carriers all the time, inspectors visit accounts all the time and anyone buying coverage from a B++ non-admitted carrier is a fucking idiot that gets what they deserve. I can't even get an exception to transact business with a B++ carrier, not that I would ever want one since that's the sign of a carrier about to fold. I know you didn't write this, Ace, but this is one of those examples why you shouldn't assume that things are accurate on the internet. Whoever wrote this is not very familiar with my industry. __________________ "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin "There ought to be limits to freedom." - George W. Bush "We have met the enemy and he is us." - Pogo