For The Insured, A Fine Line Can Separate You From Your Coverage

For The Insured, A Fine Line Can Separate You From Your Coverage

The Providence Journal, March 31, 2013: For the Insured, a fine line can separate you from your coverage. It is one line in an insurance policy of many imposing pages. And since no one actually reads insurance policies, the line will go unnoticed. It will go unnoticed until it rises off the page and smacks the insured at the worst possible time… It is called the discretionary clause, and it gives insurance companies incredible leeway in deciding who does and does not get benefits. Over twenty states have changed their laws to restrict these clauses. There are currently bills before the Rhode Island House and Senate to do the same… Lawyer Scott Kilpatrick is one of the leading proponents of changing the law in Rhode Island.

Category: ERISA Law