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Property and Casualty Committee Adopts a Model Law Request on Pet Insurance

Pet Insurance White Paper: A Regulator's Guide to Pet Insurance

During the NAIC 2019 Summer National Meeting, the Property and Casualty (C) committee adopted a model law request related to pet insurance. Prior to the meeting, the group drafted a white paper on pet insurance.

The white paper provides an overview of the pet insurance market, industry trends, coverage options and regulatory concerns. The white paper provides excellent information for consumers and for the Pet Insurance Working Group as they begin drafting the model law.

 

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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