Prof. Schwarcz Testifies to State Insurance Regulators about Insurance Policy Readability

Professor Daniel Schwarcz testified at a public hearing on the issue of readability standards and the use of plain language in insurance policies. The hearing was held by state insurance regulators at a meeting of the National Association of Insurance Commissioners (NAIC), a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. Professor Schwarcz is a funded consumer representative to the NAIC.