Insurable interest on NCOIL agenda.(Regulation)(National Conference of Insurance Legislators)

From: National Underwriter Life & Health | Date: February 28, 2005| Author: | Copyright information

STATE LEGISLATORS WILL TACKLE the issues of insurable interest of life insurance, the affordability of prescription drugs and broker disclosure when they meet March 3-6 for the spring meeting of the National Conference of Insurance Legislators in Hilton Head, S.C.

An NCOIL resolution opposes efforts to expand states' insurable interest laws to allow third parties to make such life insurance purchases. The resolution is being introduced by Rep. Larry Taylor, R-Galveston, Texas.

The resolution urges other states "not to do what Texas did," says Rep. Craig Eiland, ...

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