With the rise of apps like Uber, Airbnb and more, what changes should agents and consumers be aware of when it comes to adequate coverage? Does working for on-demand jobs make someone an employee? Who carries the risk in a sharing-economy?
Transparency of underwriting rules lets consumers know if they’re being treated fairly by their insurers. Underwriting rules are the criteria insurance companies use to determine whom to insure, what they will insure, and whether to renew an existing policy.
California Insurance Code (CIC) section 1666.5(a) requires the California Department of Insurance (CDI) to collect a social security number if the license applicant or licensee is an individual applying for or renewing an insurance license.