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Another insurer excludes medical

By Triton

January 3, 2011

Petersen International Underwriters, an underwriter of international health and medical insurance, will stop offering health insurance on some of its major medical plans, offering only accident coverage.

The exclusion is in answer to the United States’ efforts to reform health care for American citizens. Petersen’s changes took effect Jan. 1.

The company said it can offer 11-month plans for medical insurance, but that it’s regular policies will no longer include medical coverage.

In a statement to brokers, the company said, “We apologize for the inconvenience and we are in hopes that once the Health and Human Services distills more of the regulations to be associated with international medical coverage we may be able to enhance these programs back to their original status.”