The survey found that a third of carriers feel that their company’s current multi-states practices hurt sales. While most companies try to use the employer situs state to govern the issuance of coverage, the survey showed that product differences, platform differences, and differences in the impact of extraterritorial regulations in various states make managing multi-state accounts (or those accounts on the border of more than one state) a big challenge.
And, according to the survey respondents, this is not getting any easier. Almost four in ten said that their company is more conservative today in this matter than they were in the past. Fifty-two (52) percent said that situs state practices are a common topic of conversation in their organization.
Situs State Regulation Practices of Voluntary Carriers is an Eastbridge Frontline Report. Frontline Reports provide timely data on hot or new topics. Copies of the report are only available to participants and
|Copyright:||Copyright Business Wire 2012|
|Source:||Business Wire, Inc.|