Regulators at the National Association of Insurance Commissioners continue to talk about the possibility of creating a special license for agents who specialize in selling term life insurance.[@@]
Opponents of the proposal, including agent groups, which argue that the proposal would water down current licensing and continuing education requirements, thought they had persuaded the NAIC’s producing licensing working group to kill the proposal here at the NAIC’s spring meeting.
But supporters, including some regulators and a representative from Primerica Financial Services, Duluth, Ga., a unit of Citigroup Inc., New York, today persuaded regulators to continue to debate the proposal.