Insurers Threaten to Sue Chile Over Law That Forces Them to Return Annuity Funds
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Life insurers are warning Chile that they may have their day in court if a bill that allows people to demand early annuity payments is passed into law.
Principal Financial Group has begun formal consultations with Chile, a process stipulated in international trade agreements, due to losses stemming from pension withdrawal legislation. It may sue Chile in international courts in the future.