As Pet Insurance Gains Pup-ularity, NAIC Forms New Working Group

Calling all pet parents! At least 20 companies currently provide pet insurance, but there has traditionally been little regulatory supervision surrounding these products — until now. The National Association of Insurance Commissioners (NAIC) has recently announced that it is developing a new model law for pet insurance, which will likely be released later this year. A primary focus of the NAIC is to analyze and consider the extent to which veterinarians should discuss pet insurance with their...
By: Faegre Drinker Biddle & Reath LLP