AFTER YEARS OF WRANGLING OVER a solution for small face amount policies that would balance the interests of consumers and companies, a consensus product was presented and advanced at a meeting of regulators here.

The breakthrough was detailed at the summer meeting of the National Association of Insurance Commissioners.

The amendments to the Small Face Amount Life Insurance Policies model act that were adopted emphasize disclosure to the contract holder.

The new language includes a statement that "an insurer issuing a small face amount policy, where over the term of the policy the cumulative policy premiums paid may exceed the face amount of the policy, shall ...

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