NU Online News Service, May 10, 2004, 5:39 p.m. EDT – Many states are helping with efforts to create a “single point of filing” for life insurance products.[@@]
Legislatures in at least 17 states have introduced proposals related to the Interstate Compact Model Act, according to Iowa Insurance Commissioner Terri Vaughan, the former president of the National Association of Insurance Commissioners, Kansas City, Mo.
Vaughan recently spoke about the progress of the compact model at a meeting of the Iowa chapter of the National Association of Insurance and Financial Advisors, Falls Church, Va.