State Insurance Lawmakers Approve a Business Transfer Model
April 7, 2020 by Allison Bell
A group for state-level lawmakers with an interest in insurance has completed work on a document that could eventually affect what happens when one insurer shifts responsibility for a life insurance policy or annuity contract to another insurer.
Members of the National Council of Insurance Legislators (NCOIL) recently approved the Insurance Business Transfer Model Act.
Resources
- A copy of the NCOIL Insurance Business Transfer Model Act is available here.
- An article about restructuring insurers is available here.
State-level officials are in charge of most efforts to regulate the business of insurance in the United States.
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Originally Posted at ThinkAdvisor on April 6, 2020 by Allison Bell.
Categories: Industry Articles