Post by Logan on Feb 14, 2017 19:21:09 GMT -6
If this bill becomes law, be sure to read every page of your insurance contract
So you went out, told an insurance agent what you wanted and got your policy in the mail, complete with a cover sheet of what coverage you have.
Now if lawmakers get their way, you’ll have to read that whole multi-page contract to be sure that you’re getting what you want.
Legislation awaiting Senate action would spell out in statute that it would not matter what’s on that cover sheet and synopsis of benefits. Instead, only what is actually in the contract would govern – even if that page of declarations clearly says otherwise.
And there’s something else in HB2045, which cleared the House last week on a 35-23 party-line vote. If there are differences between the English version of the contract and any version in a foreign language your agent gives you, the English version governs.
Read more: azcapitoltimes.com/news/2017/02/11/if-this-bill-becomes-law-you-might-want-to-read-every-page-of-your-insurance-contract/
So you went out, told an insurance agent what you wanted and got your policy in the mail, complete with a cover sheet of what coverage you have.
Now if lawmakers get their way, you’ll have to read that whole multi-page contract to be sure that you’re getting what you want.
Legislation awaiting Senate action would spell out in statute that it would not matter what’s on that cover sheet and synopsis of benefits. Instead, only what is actually in the contract would govern – even if that page of declarations clearly says otherwise.
And there’s something else in HB2045, which cleared the House last week on a 35-23 party-line vote. If there are differences between the English version of the contract and any version in a foreign language your agent gives you, the English version governs.
Read more: azcapitoltimes.com/news/2017/02/11/if-this-bill-becomes-law-you-might-want-to-read-every-page-of-your-insurance-contract/