Do insurance companies pass the cost of insolvencies along to their customers?
Ultimately, yes. The cost of this consumer protection system, which was established by the states, is passed on to the public either in the form of increases in the cost of insurance policies, surcharges on policies or tax offsets. For this reason, it is important to have a well managed, financially sound guaranty fund system to keep the costs as low as possible.
Related Questions
- How many immunizations and health tests are repeated each day at the discomfort of patients and the cost of insurance companies?
- If yes, may i have some insurance plans from respected companies (at lower cost) which have good customer reviews?
- Do insurance companies pass the cost of insolvencies along to their customers?
