Insurer Favors ‘Sex’ Over ‘Gender’ in Life Policy Overviews
July 23, 2019 by Allison Bell
A life insurer says life underwriters need to know about an insured’s sex at birth, not just the applicant’s current gender identity.
Pacific Life Insurance Company says any revised versions of life policy overview summary regulations should refer to the insured’s sex, not to the insured’s gender.
“‘Gender; is a fluid concept while ‘Sex’ refers to genetic sex at birth,” Pacific Life says in a comment letter sent to an arm of the National Association of Insurance Commissioners (NAIC). “Using ‘Sex’ enables insurers to apply traditional underwriting practices that are based on the insured’s or proposed insured’s genetic sex at birth.”
Pacific Life sent the letter to the NAIC’s Life Insurance Illustration Issues Working Group.
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