WASHINGTON BUREAU — Insurance Marketplace Standards Association (IMSA) members have agreed to dissolve that group and create a successor organization, the Compliance and Ethics Forum for Life Insurers (CEFLI).
IMSA President Brian Atchinson will leave his job Nov. 1.
Donald Walters, currently an IMSA senior vice president, will lead CEFLI, according to CEFLI organizers.
CEFLI “will build upon the accomplishments of IMSA by meeting the needs of the ethics and compliance infrastructures IMSA helped to establish,” says IMSA Chairman Michael Masterson.
IMSA officials first announced the possibility of a CEFLI transformation in