NAIC working group adopts long-awaited accelerated underwriting guidance

August 7, 2024 by John Hilton

It took years for a regulator group to finalize an accelerated underwriting guidance that was adopted in five minutes Tuesday with no comments.

The Accelerated Underwriting Working Group met its goal to adopt the guidance in time for its parent Life Insurance and Annuities Committee to consider during the National Association of Insurance Commissioners’ summer meeting next week in Chicago.

The guidance is divided into three areas of focus: A) regulatory considerations; B) strategies for review; and C) requests for information.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on August 7, 2024 by John Hilton.