LIRP - Life Insurance Retirement Plan - Insurance Regulators

  • [2002 - Arizona - Allmerica Financial Life Insurance and Annuity Company – NAIC #84824]
  • 2002 0826 - Arizona - Allmerica Financial Life Insurance and Annuity Company – NAIC #84824 - Report of Examination of the Market Conduct Affairs of State of Arizona - Dept. of Insurance - 68p
    • Exhibit 1 - AS-465 - 
  • 2002 0826 - Arizona - In the Matter of Allmerica Financial Life Insurance and Annuity Company – NAIC #84824 - Consent Order - 8p
    • The on-site examination covered the time period 22 from January 1, 1999 through December 31, 2000, and was concluded on June 26, 23 2001.
    • p2 - a. Allmerica used an agent sales training script regarding variable life insurance, form number AS-465(1/00), which might be construed to imply that the agent was selling a retirement plan that was distinct from a life insurance policy.
    • p5-6 - IT IS ORDERED THAT:
      • 1. Allmerica shall cease and desist from:
        • a. Using any sales scripts or advertising to sell variable life insurance that imply that the producer is selling a retirement plan instead of life insurance when such is not the case.