A REGULATOR’S GUIDE TO PET INSURANCE As discussed during the Property and Casualty Insurance (C) Committee’s meeting at the 2018 Spring National Meeting, the Committee formed a drafting group to develop a white paper to provide an overview of the pet insurance industry This white paper represents the Committee’s findings Please note that all websites and companies discussed in this paper are included for research only and
Chapter 21B—Conducting the Pet Insurance Examination This chapter provides a format for conducting pet insurance company examinations Procedures for conducting property casualty (P C) insurance company examinations and other types of specialized examinations, such as third-party administrators (TPAs) and surplus lines brokers—may be found in separate chapters
A Regulator’s Guide to Pet Insurance Pet insurance provides accident and illness coverage for family-owned pets, primarily dogs and cats Although pet insurance is classified and regulated as P C insurance, it bears many similarities to human health insurance with annual coverage offered at an actuarially determined rate subject to various conditions and exclusions This coverage was started in the U S in 1980 and has grown
Insurance Topics | Pet Insurance | NAIC As pet healthcare spending rises, more consumers buy pet insurance NAIC adopted a model law to regulate pet insurance on issues like preexisting conditions, disclosures, and producer training
Pet Insurance (2025) Pet Insurance (2025) Pet Insurance Interrogatories 24 Additional state specific Lawsuit and Complaint comments (optional) ---
MCAS 2024 - Market Conduct Annual Statement | NAIC Pet Insurance is the new MCAS line of business being introduced for the 2024 data year For the 2024 data year, the North Dakota Insurance Commissioner requests companies to voluntarily submit data in accordance with the Commissioner’s authority provided in N D C C ch 26 1-03 A summary of all changes can be found in the Summary of 2024 Changes document
NAIC Pet Insurance Model Law_11921Clean “Pet insurance” means a property insurance policy that provides coverage for accidents and illnesses of pets “Preexisting condition” means any condition for which any of the following are true prior to the effective date of a pet insurance policy or during any waiting period:
PET INSURANCE MODEL ACT – DISCUSSION DRAFT for PET INSURANCE (C . . . As mentioned in the NAIC White Paper “The coverage options and policy details associated with pet insurance are like those found in human health insurance However, pet insurance is regulated and reported as P C coverage because pets are considered property under the law Provisions for in-network providers, co-insurance or co-payment, exclusions for preexisting conditions, age limits and
Draft Pet Insurance Ratios v1 Pet Insurance Ratio 1 The number of claims closed without payment compared to the total number of claims closed during the 68)] (3- 77)]
ST880 - content. naic. org Nor does this state page reflect a determination as to whether a state meets any applicable accreditation standards Every effort has been made to provide correct and accurate summaries to assist readers in locating useful information Readers should consult state law for further details and for the most current information PET INSURANCE MODEL LAW