NAIC to eye guidelines on unclaimed property
November 13, 2013 by Arthur D. Postal
A key National Association of Insurance Commissioners (NAIC) committee agreed late Friday to determine whether guidelines should be developed to provide consistency in the handling of unclaimed death benefits. The decision was made after considerable debate by the NAIC’s Life Insurance and Annuity Committee. It was made at the urging of NAIC President Tom Donelon and Nebraska Insurance Director Bruce Ramge and because state regulators are under considerable pressure from the industry.
Originally Posted at LifeHealthPro on November 11, 2013 by Arthur D. Postal.
Categories: Industry Articles
