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arizona life insurance
Can You Change Arizona Insurance Commissions?
You are one of the thousands of Arizona residents who have been forced to purchase your coverage independently and without any guidance from the Arizona Insurance Commissions. The state's insurance commissioner has long been in the spotlight for their harsh treatment of consumer-driven insurance reforms like health insurance.
These changes have prompted consumer advocates to call on Arizona Insurance Commissions Chairwoman Barbara Cook-Dellosa to stop the commission from further interfering with the process of making Arizona insurance law. As Cook-Dellosa told the Arizona Daily Star, "There are issues here that need to be addressed before we start drafting new legislation." She went on to explain that she expects Arizona insurance commissioners to "work closely with the insurance industry."
However, Arizona is just the tip of the iceberg when it comes to the many problems that plague insurance businesses across the country. While there are no known plans to eliminate the commissions as yet, it's clear that state regulators are looking to reform the commissions, or at least, their rules surrounding commissions.
Cook-Dellosa is the commission chairwoman, but her job is to serve as an advocate for consumers. When asked about what her commission plans are regarding commissions, she said she is "not at liberty to discuss" those matters. That statement is at best vague and at worst outright misleading. While the commission can change its policies on commissions, those policies will not be as drastic as the ones proposed by Cook-Dellosa.
In fact, she said she expects her commission chairwoman's office to draft "a new framework for commissions." As soon as that framework is in place, Cook-Dellosa said, the commission will be able to proceed with its own review of commissions and recommend changes in the future.
But then again, it could be that Cook-Dellosa is trying to avoid taking on the commission chairwoman's office and instead focus on the other members of the commission. After all, there are some of them who have opposed several consumer-driven reforms and will likely be willing to work in lockstep with the commissioner's agenda in the future.
Some states have already begun to move away from commissions, while others, like Arizona, have been working to build up their commission system as a bulwark against insurance companies that are increasingly taking advantage of their residents. If Arizona can find a middle ground between having a commission system that encourages more competition between insurers and having one that is too restrictive, it might be able to attract the right insurers to buy into the state's insurance market.
The bottom line is that Cook-Dellosa will not be the insurance commissioner's only critic. The commission chairwoman should also be open to changes that would ensure a healthy working relationship between the commission and the insurance industry.
cheap insurance has a few concerns about commission reform, including whether a commission system that is too complicated and cumbersome can still make it easier for consumers to shop for insurance, which is why she is seeking a comprehensive overhaul of commissions. However, she also wants to make sure that any proposal includes a review of commissions as a whole.
While she and the commission chairwoman might disagree on some of the elements that should be reviewed, there are several areas where they do have common ground. For example, a commission chairwoman might be supportive of requiring companies to show why they should be eligible for discounts, such as allowing them to charge higher rates to people who have had accidents or are married or have children, etc.
There might also be common ground on mandating companies to offer discounts for certain types of coverage, such as accident protection, while a commission chairwoman might be opposed to mandating any kind of medical benefit for people buying a policy. Both Cook-Dellosa and the commission chairwoman will have to work out the terms of these concessions on their own.
A commissary agent commission might also be considered contentious, especially since many commission chairwomen want it gone and some commissioners might want it replaced. And yet, when a commission is replaced, a commissary commission will need to be replaced.
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