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Model Life Insurance Solicitation Regulation
In
the United States, a regulation adopted by the NAIC
in 1976 that requires insurers to give life insurance
consumers (1) information that will improve their
ability to select the most appropriate plan of life
insurance to meet their needs, (2) an understanding
of the basic features of the policy that has been
purchased or that is under consideration, and (3)
the ability to evaluate the relative costs of similar
plans of life insurance. |
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