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The G&A Blog offers thought leadership, analysis of current events and educational articles on a variety of risk management and insurance topics. Stay informed—subscribe to get our weekly digest directly in your inbox.

Insurance Mythbusters: #1: You have to buy insurance – it’s the law! (BUSTED- Until now…)

Feb 04, 2014

Insurance, similar to other financial products like stocks, bonds, or annuities, has almost always been an optional purchase. No law has really ever obligated anyone in the United States to purchase insurance (until the Affordable Care Act). Surprisingly, up until now, there’d been quite a bit of freedom in the U.S. about your right to buy or not buy insurance.

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