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Resolution opposing limited term licenses advances.(NAIC MEETING COVERAGE)

A RESOLUTION OPPOSING A limited term insurance license advanced toward full endorsement by the National Association of Insurance Commissioners at its summer meeting here.

During the Market Regulation and Consumer Affairs "D" Committee two insurance commissioners, North Dakota's Jim Poolman and Oregon's Joel Ario, and one consumer advocate, Birny Birnbaum, executive director of the Center for Economic Justice, Austin, Texas, spoke in favor of the resolution. Poolman chairs the Producer Licensing Working Group that voted the measure up to the "D" Committee during the spring NAIC meeting in March.

Primerica Financial Services, Duluth, Ga., then challenged the resolution ...

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