Trade groups: keep life insurance out of Mass. proposal banning ‘junk fees’
December 27, 2023 by John Hilton
Massachusetts Attorney General Andrea Joy Campbell is mimicking the language preferred by federal regulators in proposing regulations to prohibit hidden “junk fees.”
Industry trade associations don’t like those two words any better at the state level. In fact, the proposal is moot as it relates to the life insurance industry, a trio of trade groups wrote in a letter requesting an exemption for “life and annuity carriers and products.”
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Originally Posted at InsuranceNewsNet on December 21, 2023 by John Hilton.
Categories: Industry Articles