NAIC reviews assumption re consent. (National Association of Insurance Commissioners, reinsurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

by Cynthia Crosson

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Product Description
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 7, 1992. The length of the article is 570 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A National Association of Insurance Commissioners (NAIC) task force is reconsidering its initial assumption reinsurance draft law recommendation that permitted implied consent in the transferal of policies from one company to another. Sen Howard Metzenbaum has notified NAIC that denial of positive consent might conflict with policyholder rights and common law. Insurance companies favor the implied consent usage as more efficient and cost effective. NAIC is currently studying common law and possible variations on positive consent before making a final recommendation.

Citation Details
Title: NAIC reviews assumption re consent. (National Association of Insurance Commissioners, reinsurance)
Author: Cynthia Crosson
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 7, 1992
Publisher: The National Underwriter Company
Issue: n49 Page: p3(2)

Distributed by Thomson Gale

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