Richard Collins, CEO Golden Rule Insurance Company, Don Hamm, CEO Assurant Insurance, Brian Sassi, President and CEO WellPoint Health Networks state in sworn testimony that they will not follow Federal Law which restricts the rescinding of insurance only due to intentional fraudulent misrepresentation. Therefore allowing them to drop people for any reason they deem fit and placing the burden of proof on the insured to prove the carrier wrong.
House Committee Oversight and Investigations
Witnesses testified about the practice of "post-claims underwriting," which occurs when insurance companies cancel individual health insurance policies after providers submit claims for medical services.
Link to this comment:
All Comments (0)