Purchasing Groups

The Liability Risk Retention Act of 1986 provides for the formation of purchasing groups to buy insurance. Such groups must be made up of members or companies with similar risk exposure due to their involvement in similar businesses. The groups must meet the regulatory requirements of the states in which they are organized, but, due to preemption by the Act, some regulatory requirements of other states in which the groups do business do not have to be met.

Exclusions in Aviation Insurance Policies

The aviation industry is highly regulated. Exclusions in aviation insurance policies relating to violation of such regulation have raised special issues.

Unfair Claims Settlement Practices Act

When an insured or a beneficiary submits a claim to an insurer, the insurer has a duty to respond and to do so in a certain manner. The Unfair Claims Settlement Practices Act (UCSPA), a model act adopted in over 40 states, provides industry guidelines for the insurer to follow when paying or denying claims. In general, the UCSPA requires the insurer to act promptly and fairly in response to a claim with a reasonable basis for any denials.

Insurance Law> General Liability Insurance> Property Coverage

(The CGL Policy Exclusion For "Your Product")

Types of Health Insurance

Health insurance can be organized into three categories. They are disability income insurance, medical cost insurance, and accidental injury or death insurance.