Electronic Commerce and Insurance Regulation

I saw a post recently on a blog run by a compliance consulting vendor, regarding state legislative efforts to regulate the use of electronic commerce in the insurance world.

Here's the link:

http://www.insurancecompliancecorner.com/electronic-developments/

For better or for worse, we are in the electronic age, with new ways of doing business and new tools to promote efficiency and convenience. And there's no going back. But it's not exactly supposed to be the Wild West out there either. It is important that compliance professionals ensure that their companies are aware of regulatory requirements and limitations on how electronic commerce is conducted.