Would an OFC protect consumers from insurance fraud?
Yes.
The proposed OFC law before Congress would create a consumer ombudsman and the first ever federal programs designed to protect consumers from insurance fraud. By that standard, it would enhance consumer protection. However, many measures listed as ''consumer protection'' in fact limit consumer choice or ration products. If one believes that the government should control which products a consumer buys or set prices for those products, then an OFC does not ''protect'' consumers the way some existing state laws do.