Monday, January 16, 2006
NAIC: Standards for Sale of Life and Annuities Should Protect "All Ages"
North Dakota Insurance Commissioner Jim Poolman has called for the National Association of Insurance Commissioners to review and develop new standards for the sale of life insurance and annuities that would protect consumers of all ages.
Poolman, chairman of the NAIC's Life Insurance and Annuities (A) Committee, addressed the American Council of Life Insurers (ACLI), at their recent meeting suggesting that age should not be a discrimintating factor when consumers purchase life or annuity products. He called for the NAIC to develop "standards for suitability" for all sales of life insurance and annuities.
NAIC: Standards for Sale of Life and Annuities Should Protect "All Ages"
Source: Insurance Journal
Poolman, chairman of the NAIC's Life Insurance and Annuities (A) Committee, addressed the American Council of Life Insurers (ACLI), at their recent meeting suggesting that age should not be a discrimintating factor when consumers purchase life or annuity products. He called for the NAIC to develop "standards for suitability" for all sales of life insurance and annuities.
NAIC: Standards for Sale of Life and Annuities Should Protect "All Ages"
Source: Insurance Journal
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