Pet Insurance Bill Provides Important Consumer Protection for Rapidly Growing …
News from Insurance News Net:

LOS ANGELES, Calif., June 20 — The California Department of Insurance issued the following news release:

Today Insurance Commissioner Dave Jones and Assemblymember Matt Dababneh held a joint press conference at an off-leash dog park to discuss important pet insurance legislation. Within California’s economy the pet insurance market is rapidly growing and expected to reach $ 750 million by next year. AB 2056 (Dababneh), sponsored by Insurance Commissioner Dave Jones, will add important consumer protections to pet insurance by bringing uniformity to policy language and disclosures increasing transparency in pet insurance policies.

“California has the largest number of insured dogs and cats in the nation,” said Commissioner Jones. “It is essential that consumers purchasing pet insurance understand what they’re getting for their money. When policy terms are more easily understood, consumers are better able to select a product that meets their needs. AB 2056 will help pet owners who want to limit the financial risk associated with the pet’s veterinarian bills, while providing important consumer protections that are currently absent from pet insurance.”

The California Department of Insurance receives nearly 100 complaints regarding pet insurance coverage every year. After investigation, the majority of complaints result in find…………… continues on Insurance News Net

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