Perspective
Nov. 15, 2013
Thou shalt not regulate insurance that way
While the insurance commissioner must stay within the boundaries of the Insurance Code, within those boundaries the commissioner's power is nearly dictatorial. By William Gausewitz
The vast majority of people in the insurance business are law-abiding honest professionals who want only to provide a level of care and service which will result in an ever-growing list of customers. This is made difficult, or at least complicated, by the fact that the insurance industry is heavily regulated. Law-abiding insurance business people have a huge body of law that they must obey.
In California there are three primary sou...
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