Posted September 21, 2010 4:24PM PST Proposed changes to the consumer disclosure model act by life insurers were rejected last week by a National Conference of Insurance Legislators (NCOIL) committee. The Life Insurance & Financial Planning Committee plans to hold a second conference call on Friday to look at the proposed model act again, according to Jordon Estey, director of legislative affairs and education for NCOIL. NCOIL’s proposed consumer disclosure model act would require insurers to let insureds who are 60 or older or are…
Posts tagged "NCOIL"
NCOIL President Advocating ‘Bill Of Rights’ For Life Policyholders
Copyright 2010 SNL Financial LCAll Rights Reserved SNL Insurance Daily August 6, 2010 Friday Katie Darden The president of the National Conference of Insurance Legislators added his voice to a chorus of concern over retained-asset accounts for life insurance death benefits. “NCOIL has grave concerns and awaits with extreme interest the outcome of current probes, including Veteran Administration and New York Attorney General investigations,” Kentucky state Rep. Robert Damron said in an Aug. 4 press release. Damron advocated a “Beneficiaries Bill of Rights” that would…
Life Insurance Bill of Rights, NCOIL