Important Information About California Insurance Law
Insurance is a contract where one party pays a premium and the other party promises to reimburse them for certain types of losses. These losses can include illness, property damage, or death. Insurance law is the practice of law surrounding insurance. Insurance law is made up of three areas of focus:
- Insurance Coverage: Insurance coverage can involve disputes between insurers about excess coverage or reinsurance. In these cases, the insurance company will hire insurance defense attorneys to represent the insured in an insurance coverage case. Insurance coverage cases usually focus on the language of the policy and analyzing said policy language.
- Insurance Defense: this takes place when an insurance company hires counsel to defend the insured. The defense typically works to defend against accusations regarding the insured causing bodily injury or property damage to another person. The defense further helps the insured figure out when the insurance company will be required to pay the claim.
- Insurance Compliance: Insurance companies must work to be and stay in compliance to avoid regulator investigations and penalties. Insurance compliance is usually taken on by the compliance staff of the insurance companies. The company may be required to comply with all laws and regulations. These can vary by state.
There are many types of insurance. There are government-run insurance programs such as Social Security disability, worker’s compensation, and unemployment insurance. Most insurance law cases involve private insurance. Private insurance can include auto, homeowner’s, and life insurance, to name a few. If you’re unsure whether your insurance policy offers appropriate coverage or if you’re struggling with an insurance defense case, contact an attorney as soon as you can. The experienced lawyers at Arata, Swingle, Van Egmond and Heitlinger Law Firm can offer their legal guidance to help you navigate complicated insurance laws. Contact us today to schedule a free consultation.