Evaluation Life Insurance Cost Disclosure Task Force - NAIC

  • Model Regulation for Partial Endowment type (Deposit Term) - 1980-2, NAIC Proceeedings     
    • Ms. Edwards reported that the task force recommended the adoption by the (C3) Subcommittee of the Model Regulation for Partial Endowment type (Deposit Term) policies which was circulated in December, 1979, as an exposure draft. 
    • Following discussion and upon a motion duly made and seconded, the subcommittee referred this exposure draft to the Evaluation Life Insurance Cost Disclosure Task Force for consideration as to whether this type product can be treated under the Model Life Insurance Solicitation Regulation or whether a separate regulation must be used to properly disclose factors pertaining to this product.