NAIFA Calls On NAIC To Oppose Limited Term Licenses

A major producer group has repeated its opposition to limited term insurance licenses, calling on state insurance regulators to adopt a resolution rejecting these licenses.[@@]

The National Association of Insurance and Financial Advisors, Falls Church, Va., is asking the National Association of Insurance Commissioners, Kansas City, Mo., to advance the resolution currently under review. The NAIC will hold a hearing on the proposal June 11 at its summer meeting in Boston. The issue also is expected to be reviewed during the summer meeting of the National Conference of Insurance Legislators, Troy, N.Y., when it meets in Newport, R.I., in July.