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Offline happyg

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« on: November 14, 2013, 08:21:23 PM »

Offline Chieftain

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« Reply #1 on: November 14, 2013, 08:55:27 PM »
yep...Insurance Companies operate at the pleasure and under the supervision of the various States, and it takes months if not years to work up an insurance product and have it work its way through the many various mandatory legal and oversight agencies before the Company can even send out a letter offering to sell that product to potential customers.

These things do not happen over night and trying to comply with a brainless Federal "suggestion" like this one would be incredibly expensive and could well cause even more damage to the marketplace than has already been done.  Thankfully Obammy doesn't have the authority to mandate any of this, and already the Washington State Insurance Commissioner has told the Feds to go put this where the sun doesn't shine.

In the meantime, the damage continues and the cancellations will stand.

Offline Rapunzel

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« Reply #2 on: November 14, 2013, 09:04:59 PM »
yep...Insurance Companies operate at the pleasure and under the supervision of the various States, and it takes months if not years to work up an insurance product and have it work its way through the many various mandatory legal and oversight agencies before the Company can even send out a letter offering to sell that product to potential customers.

These things do not happen over night and trying to comply with a brainless Federal "suggestion" like this one would be incredibly expensive and could well cause even more damage to the marketplace than has already been done.  Thankfully Obammy doesn't have the authority to mandate any of this, and already the Washington State Insurance Commissioner has told the Feds to go put this where the sun doesn't shine.

In the meantime, the damage continues and the cancellations will stand.

I tried to explain this yesterday on another thread and it fell on deaf ears.. 


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