Lawmakers Seek ‘Beneficiaries Bill of Rights’ Against Insurers
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The National Conference of Insurance Legislators called for a “beneficiaries bill of rights” to protect consumers against abuse by carriers that, for decades, have earned income by retaining death benefits.
“Even time-honored customs can be like minefields, embedded with danger,” Robert Damron, a Kentucky state representative and president of NCOIL, said in a statement yesterday. The group plans to develop a model bill that lawmakers can introduce in state legislatures to protect customers.