Question
Hi, I have an assignment for my business law class and need real case examples of the Obama administration regulationsthat limit insurers' ability to rescind
Hi,
I have an assignment for my business law class and need real case examples of the Obama administration regulationsthat limit insurers' ability to rescind health insurance contracts.
Here is the homework assignment:
Insurance companies' practice of rescinding policies based on misrepresentations in an application has come under significant criticism in the area of health insurance.In several publicized cases, companies have been accused of canceling health insurance contracts based on minor or technical defects in the original applications, typically after the insured has already incurred significant healthcare expenses due to serious illness.In response to these cases, the Obama administration issuedregulationsthat limit insurers' ability to rescind health insurance contracts.
I need to reference real cases to help explain the regulations as if I was speaking to consumers and explain how the regulations change the rules that would normally apply under the common law.
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