Fair Insurance Practices Act

The Fair Insurance Practices Act is a law that protects consumers from unfair or discriminatory behavior by insurance companies. It requires insurers to act honestly, fairly, and transparently when handling insurance policies, claims, and customer interactions. The act prevents practices like unjust denial of claims, discrimination based on protected characteristics, or misleading advertising. Overall, it ensures that insurance companies treat policyholders equitably and uphold ethical standards, promoting trust and accountability within the insurance industry.