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Is pet insurance regulated in the US?

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Although pet insurance is classified and regulated as P/C insurance, it bears many similarities to human health insurance with annual coverage offered at an actuarially determined rate subject to various conditions and exclusions.


Are insurance companies in the US regulated?

Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in “the public interest” and clearly gives it preeminence over federal law. Each state has its own set of statutes and rules.

Is there pet insurance in the US?

Pet insurance is a type of health insurance for your pets. It can cover costs associated with certain illnesses or types of veterinary treatment. This can help make health care for your dog or cat more affordable and give you extra quality time with your four-legged family members.

Is it a legal requirement to have your dog insured?

Is pet insurance a legal requirement? While, since 2016, it's been a legal requirement to have your dog microchipped, there's no law to say you must have pet insurance for your dog, cat, or any other kind of pet. It's entirely your decision whether to take out a policy.

Is pet insurance regulated in CA?

California became the first state to impose basic requirements for pet insurance Tuesday under a new law signed by Gov. Jerry Brown. AB 2056 requires pet insurers to disclose basic information about their policies like reimbursement benefits and pre-existing condition restrictions.

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