So, Just What Is a Junk Policy?
Texas Watch—January 25th, 2012
So, just what is a junk insurance policy? Sen. Leticia Van de Putte said she’s been hearing from constituents who are fed up with junk policies with what she called “luscious exclusions” and “skyrocketing” deductibles. She asked Insurance Commissioner Eleanor Kitzman about this at a recent committee hearing. Kitzman was unaware of the problem.
Well, we are aware of the problem. So, we sent Sen. Van de Putte a letter outlining the problem (and we sent a copy to Commissioner Kitzman too).
Read the letter here:
Lttr to VDP_junk Policies_1201
And, in case you missed the dialogue between Sen. Van de Putte and Commissioner Kitzman, you can watch it too:
