Can someone please give a link to the section of either the U.S Code or the Federal Register which makes buying insurance from another state illegal?
I don’t know about the regs, but when my sister’s family moved from IA to AZ years ago, they kept property in IA thinking that they could keep the lower premiums and better coverage for her chronic health condition. When the insurance company (operating in both states) found out, they cancelled the IA policy in a heartbeat. That left her with a MUCH higher premium in AZ, no coverage of her “pre-existing” condition, and much less coverage. It was pretty catastrophic for the family and its finances.
Personally, I can see no reason that health insurance should not be handled in the same way as auto insurance or life insurance. The state insurance commissioner still has authority to determine whether or not the companies offering products are legitimate, it lowers costs by increasing competition, and people get to make decisions with their money regarding their medical priorities. Oh, I forgot: Dems don’t want us self-sufficient.