Each year, insurance fraud costs companies and consumers alike tens of billions of dollars. In order to better identify and reduce incidents of insurance fraud - and, most important, protect consumers - the National Association of Insurance Commissioners (NAIC) offers the following tips for identifying and responding to insurance fraud.
In most cases of insurance company insolvency, a safety net in the form of a “guaranty association” provides protection to Vermont’s insurance consumers. Vermont has two such associations: one for property and casualty insurance, and another for life, accident and health insurance (one product class), and annuities.
The Insurance Consumer Section is dedicated to helping Vermonters with insurance questions and complaints for all types of insurance. We encourage you to call Consumer Services at 1-800-964-1784 to discuss your situation. There are also links on this page where you can obtain information about how to file an insurance complaint; obtain an answer to an insurance question; review consumer advisories and obtain a brochure.