NAIC Seeks Info On Short-Term Plans’ Marketing, Consumer Literacy

ORLANDO, FL -- The National Association of Insurance Commissioners agreed to send out a survey on the marketing of short-term plans to get a better sense of brokers’ methods for selling and attracting consumers to the newly expanded insurance products. Simultaneously, consumer advocates at NAIC’s annual meeting warned state insurance regulators that consumers are often misled into buying these products without fully understanding the plans’ lack of benefits. The NAIC’s Market Analysis working group on Sunday (April 7) planned the...