SOURCE: IMSA

August 13, 2008 15:41 ET

California, Florida & Arizona State Regulators to Speak at Upcoming "Senior Protection" Insurance Compliance Best Practices Workshop

Compliance Event for Professionals in Annuities, Life & Long Term Care Insurance

BETHESDA, MD--(Marketwire - August 13, 2008) - Insurance regulators from Florida, California and Arizona will join life industry compliance professionals from across the nation next month at the IMSA Compliance Best Practices Workshop in Scottsdale, AZ, September 10-12, 2008.

Florida Deputy Insurance Commissioner Mary Beth Senkewicz, Joel Laucher of the California Department of Insurance, and Erin Klug of the Arizona Department of Insurance will share regulatory views on senior protection and discuss with attendees the current compliance issues from a state and NAIC perspective. Among the topics to be tackled will be "annuity sales suitability" and other senior issues that are confronting companies and their selling partners in today's market.

"We are very honored to have California, Florida and Arizona regulators come together to share their knowledge and experience with life industry compliance professionals," said IMSA CEO Brian Atchinson. "These regulators have been leaders at both the state and NAIC levels on senior protection and other important industry issues."

He adds that, "Their participation and perspective will be of great value to attendees who need to stay on top of regulatory needs and expectations."

Qualified member companies of the Insurance Marketplace Standards Association (IMSA) represent the industry's benchmark of excellence for ethical business practices regarding the marketing, advertising, sales, and service of annuities and other life insurance products. This workshop will allow participants to interact with their industry colleagues and regulators, as well as exchange ideas and best practices on current compliance issues.

While ethical sales to seniors are of current concern, IMSA emphasizes high, verifiable standards of ethics excellence for all consumers, who, regardless of age, deserve to be treated fairly. Online registration is available at www.IMSAethics.org.

IMSA is the premier standards-setting organization for the life insurance, annuity and long-term care insurance marketplace for individually sold products. Qualified companies commit to maintaining high ethical standards and to being fair, honest, and open in the way they advertise, sell and service their products. For more information and a list of IMSA-qualified companies, visit www.IMSAethics.org.

Contact Information

  • For information, contact:
    Jennifer Kalita
    240-744-3021