Washington, D.C., Associate Aaron Igdalsky authored a PropertyCasualty360 article examining the varied laws and regulations pertaining to ancillary vehicle protection products and the possibility of future federal oversight of the industry. The article outlines recent and historical federal activity related to regulating ancillary vehicle protection products and discusses the potential for legislative and regulatory changes down the line.
“State regulation has evolved in a somewhat foreseeable manner, but recent attempts at federal legislative and regulatory oversight over ancillary vehicle protection products have been anything but predictable as Democrats on Capitol Hill have raised questions about the extent to which ancillary vehicle protection products are or should be subject to federal oversight,” Igdalsky writes.
He continues, “Moving forward, the ancillary vehicle protection products industry would be wise to remain focused on ensuring that business is conducted in full compliance with existing legal and regulatory requirements, especially anti-discrimination and unfair trade practice laws.”
This article was also picked up by Insurance Coverage Law Center. To read the full article, click here.