Naic: Model Universal Life Insurance Regulation National Association Of Insurance Commissioners
Definition of "Naic: model universal life insurance regulation national association of insurance commissioners"
Model state law of the NAIC that stipulates minimum non forfeiture values, minimum valuation of assets requirements, and specific minimum policy provisions in universal life insurance products.
Popular Insurance Terms
Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion. ...
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Person covered under an employee benefit insurance plan. ...
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Model state regulation that governs method of selling life insurance to prevent fraud or misrepresentation by agents or insurers. A life insurance disclosure model regulation to help buyers ...
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