N.Y. Life's handling of settlement hit.(New York Life Insurance Co.)

From: National Underwriter Life & Health-Financial ServicesEdition | Date: March 10, 1997| Author: Bell, Allison | Copyright information

An attorney has filed a motion against New York Life Insurance Co.'s that is linked to its proposed settlement of a class action lawsuit tied to unethical market conduct. The motion, which was filed in New York County Supreme Court, wants the settlement to include an injunction requiring New York Life agents to cease communicating misrepresenting information about the settlement to policyholders making inquiries. In a press release, the attorney filing the motion made reference to the recent ...

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