Insurance agents face new model regulation
The National Association of Insurance Commissioners in Kansas City, Mo., recently adopted a model regulation that aims to protect seniors from abusive sales practices and fraud.
The National Association of Insurance Commissioners in Kansas City, Mo., recently adopted a model regulation that aims to protect seniors from abusive sales practices and fraud. Under the regulation, insurance agents would be prohibited from using senior-specific certifications or professional designations in advising or servicing seniors in the purchase of life insurance and annuities. For more information, visit naic.org/Releases/2008_docs/fraud_protect.htm.
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