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Forms Follow Function

Insurance contracts are complicated documents, especially for the average consumer. Consequently, most states require insurers to draft policy language to comply with readability standards to make it easier for consumers to understand complex coverage terms. Recently, regulators have focused on the extent to which policy forms are physically accessible to...

By Robert Detlefsen | Updated on February 01, 2014

Insurance contracts are complicated documents, especially for the average consumer. Consequently, most states require insurers to draft policy language to comply with “readability” standards to make it easier for consumers to understand complex coverage terms. Recently, regulators have focused on the extent to which policy forms are physically accessible to consumers.

The National Association of Insurance Commissioners formed a Transparency and Readability of Consumer Information Working Group in 2012 to address this issue. “Transparency,” in this context, refers to the ability of consumers to obtain and peruse different carriers’ HO policy forms before purchasing coverage.

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