Plain English Breakdown
The official source material does not specify the exact format and content of the annual report or any actions based on the information collected.
Insurance Customer Satisfaction Reports
This law requires insurance companies to provide their customer satisfaction survey results quarterly, which the Bureau of Insurance will summarize annually.
What This Bill Does
- Requires property and casualty insurance providers in Virginia to submit customer satisfaction survey results to the Bureau of Insurance on a quarterly basis.
- The Bureau must create an annual report summarizing this information from all property and casualty insurance providers.
Who It Names or Affects
- Property and casualty insurance companies in Virginia
- Customers of these insurance companies who take satisfaction surveys
Terms To Know
- Bureau of Insurance
- The part of the State Corporation Commission that oversees insurance companies.
- Customer Satisfaction Surveys
- Questionnaires used to find out how happy customers are with their insurance services.
Limits and Unknowns
- Does not specify what actions will be taken based on the customer satisfaction information.
- The exact format and content of the annual report is not detailed in this law.