Many state legislatures have updated insurance codes allowing insurance companies to fulfill their delivery obligations by posting policies and endorsements on their website rather than printing and sending out these documents on paper. These updates are intended to facilitate the adoption of electronic delivery technology by insurers and improve the process of buying insurance for consumers.
As you look to take advantage of this new regulatory environment, questions will likely arise related to how this can be done in a compliant way that ensures maximum adoption.
On Dec 13, 2016, INN hosted a webcast featuring a panel of experts that explained in simple terms the regulatory requirements of e-posting and e-delivery and the best practices to keep in mind.
- E-Posting and E-Delivery defined
- Update from PCIAA on the progress of legislative adoption of e-posting laws
- The intersection between ESIGN, UETA and state insurance laws on e-signatures and records
- How to demonstrate insured consent to do business electronically
- Best practices for ensuring security, compliance and enforceability
- A live demonstration of insurance policy electronic posting