The conduct of insurance agents has come under closer scrutiny in recent years as a result of the initiation of numerous class action law suits alleging inappropriate and inaccurate sales presentations by insurance agents. In response to this, organizations such as the American Council of Life Insurers (ACLI) and the National Association of Insurance Commissioners (NAIC) have proposed model regulations, market conduct principles and use of databases to improve agent practices.
The ACLI is an association of life insurance companies through which the industry is attempting to police itself.
Thursday, December 6, 2007
American Council of Life Insurers (ACLI)
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