MDL-613 - NAIC - Life Insurance and Annuities Replacement Model Regulation

  • Many states which have adopted the Replacement Regulation have found that it acts as a "license to steal."
    • It is generally used effectively by the professional twister and provides him with a defense in the event his sales techniques are questioned. (p544)

-- Life Insurance Cost Comparison (C3) Task Force

1976-2, NAIC Proceedings