Monday, March 26, 2007

 

Multistate Compact Eases Launch of Asset Protection Products

A multistate compact involving insurance regulators in 29 states could begin yielding benefits, in the form of new insurance products, by the second quarter of the year, insurance industry officials said.

The Interstate Insurance Product Regulation Commission was designed to make it easier and cheaper for insurance companies to introduce new products in four insurance lines related to asset protection -- life, annuity, long-term care and disability.

Multistate Compact Eases Launch of Asset Protection Products
Source: Biz Journals (subscription may be required)

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