Thursday, January 26, 2006
NAIC Praises Life Insurers Group in Backing More Consumer Protections
The National Association of Insurance Commissioners commended the American Council of Life Insurers this week for agreeing to support a measure to extend consumer protections in the sale of life insurance and annuities.
At a recent ACLI meeting, Jim Poolman, chair of the NAIC Life Insurance and Annuities (A) Committee, called for an expansion of suitability protections to consumers of all ages. Currently, protections are limited to persons over the age of 65.
NAIC Praises Life Insurers Group in Backing More Consumer Protections
Source: Insurance Journal
At a recent ACLI meeting, Jim Poolman, chair of the NAIC Life Insurance and Annuities (A) Committee, called for an expansion of suitability protections to consumers of all ages. Currently, protections are limited to persons over the age of 65.
NAIC Praises Life Insurers Group in Backing More Consumer Protections
Source: Insurance Journal