Who is responsible for assembling the policy forms for insureds?

The insurance carriers are responsible for assembling the policy forms for insureds. This is because insurance carriers are the entities that define the terms, conditions, and coverages of the insurance policies they offer. They create, file, and ensure that their policy forms comply with state regulations before making them available to agents and insureds.

Insurance brokers, while they play a crucial role in selling and advising clients on insurance policies, do not assemble policy forms themselves; they typically work with the forms provided by the insurance carriers. State regulators oversee and approve the forms to ensure they meet legal requirements and protect consumers, but they do not assemble the forms. Third-party administrators manage claims and policy administration on behalf of the insurance carriers but do not create policy forms. Thus, the responsibility of assembling the policy forms rests with the insurance carriers.