Post by account_disabled on Jan 18, 2024 8:55:17 GMT
Carlos Lluch , insurance broker and one of the greatest experts in the sector, recognizes that this discrimination exists in the marketing of certain insurance despite the fact that it is prevented by the Fourth and Fifth Provision of Law 50/1980 of October 8 on the Insurance Contract. , the first for people with disabilities and the following Provision prohibits denying hiring , applying different solutions to people who have HIV and other health conditions, where cancer would enter, and applying surcharges or extra premiums in the policies.
This expert points out that “people are currently being discriminated aga Whatsapp Number List inst for these reasons” the Fifth Provision itself allows in certain cases for justified, proportionate or reasonable causes that have been previously and objectively documented. That would imply that on the insurers' websites there should be a prior text justifying that this insurance cannot be made."
From his point of view, it is time to make a regulatory change with the Directive that must be implemented before 2025 "now the President of the Government is talking about bringing it forward to June 2023, we will have to see if he achieves it because the processing of the Law of Insurance Contracts carries other significant changes . In terms of cancer, his intention is that if you are cured without a relapse in the last five years, you can avoid such discrimination when subscribing to that insurance policy or requesting a loan.
It also clarifies that, at the level of data protection, it is indicated that “ the data that insurance companies have to collect must be relevant. That means they can't ask us for our sexual orientation for health insurance. It is not suitable for risk assessment. In this regard, we must ask ourselves the question of whether it is pertinent to request certain information from the insured if it cannot be excluded or discriminated against as the current Insurance Contract Law says.
In principle, this regulatory change should be implemented in 2025. “In this case, the measure proposed by Pedro Sánchez does not cost the Government a penny because it forces the private industry in the insurance sector to change regulations . The modification of the Insurance Contract law is now being processed in Congress, we will have to see if it is approved by next June.”
According to data handled by this expert, “the year-on-year life insurance claims rate indicates that between October 2021 and September 2022, insurance companies had paid 23.57 euros in life insurance claims, for every one hundred euros collected . That means there is a margin of 76%. With that commercial and business margin they could meet the requests of people with disabilities or sick people. Now many insurance coverages are above their real value.”
This expert points out that “people are currently being discriminated aga Whatsapp Number List inst for these reasons” the Fifth Provision itself allows in certain cases for justified, proportionate or reasonable causes that have been previously and objectively documented. That would imply that on the insurers' websites there should be a prior text justifying that this insurance cannot be made."
From his point of view, it is time to make a regulatory change with the Directive that must be implemented before 2025 "now the President of the Government is talking about bringing it forward to June 2023, we will have to see if he achieves it because the processing of the Law of Insurance Contracts carries other significant changes . In terms of cancer, his intention is that if you are cured without a relapse in the last five years, you can avoid such discrimination when subscribing to that insurance policy or requesting a loan.
It also clarifies that, at the level of data protection, it is indicated that “ the data that insurance companies have to collect must be relevant. That means they can't ask us for our sexual orientation for health insurance. It is not suitable for risk assessment. In this regard, we must ask ourselves the question of whether it is pertinent to request certain information from the insured if it cannot be excluded or discriminated against as the current Insurance Contract Law says.
In principle, this regulatory change should be implemented in 2025. “In this case, the measure proposed by Pedro Sánchez does not cost the Government a penny because it forces the private industry in the insurance sector to change regulations . The modification of the Insurance Contract law is now being processed in Congress, we will have to see if it is approved by next June.”
According to data handled by this expert, “the year-on-year life insurance claims rate indicates that between October 2021 and September 2022, insurance companies had paid 23.57 euros in life insurance claims, for every one hundred euros collected . That means there is a margin of 76%. With that commercial and business margin they could meet the requests of people with disabilities or sick people. Now many insurance coverages are above their real value.”