Not healthy? Insurance may not be an option

Wed, Sep 22nd 2010, 09:00 AM

By CHESTER ROBARDS Business Reporter crobards@tribunemedia.net MEDICAL Insurers could soon begin issuing increasing permanent exclusions to individuals with pre-existing and contracted ailments, even as medical costs continue to "skyrocket", the president of the Bahamas Insurance Brokers Association (BIBA) has warned. This was because the new Insurance Act has made underwriting requirements for health and life insurance companies much more stringent. Vaughn Culmer, speaking at the Rotary Club of West Nassau's weekly meeting, said those in the market for life and health insurance will have to ensure they are "practicing healthy lifestyles" in order to qualify for insur ...

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