Conclusions From A Veteran Of The Regulatory Wars
At the recent fall conference of the National Alliance of Life Companies, an industry lobbyist and veteran of the regulator-regulated wars at the National Association of Insurance Commissioners gave the audience the benefit of his experience.
Rick Campbell, managing partner with the Mitchell, Williams, Selig, Gates & Woodyard law firm, listed seven things he said he has learned regarding the small face amount issue in the last 18 months.
We present them here without comment and simply as food for those who find themselves on either side of the issue.
The seven things, according to Campbell, are:
1. Small face amount policies were tied to race-based policies in 2000 and the industry has been fighting an uphill battle ever since.