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Consumer Group Wants Rules For Covid's Effect on Life Insurance Buyers


WKBT
February 4, 2021 7:12 AM
John Egan - Forbes Advisor
Posted:
Updated:
February 5, 2021 2:56 PM
Citing European insurers that are clamping down on issuing life insurance policies to consumers who have had Covid-19, a U.S. consumer advocacy group is calling on insurance regulators here to protect Americans who face similar circumstances.
In a Jan. 28 letter to the National Association of Insurance Commissioners, the nonprofit Consumer Federation of America asked the association to adopt a model rule that would govern delaying or denying life insurance coverage to someone with a Covid-19 history. The advocacy group says the rule, which would be made available to state insurance regulators to voluntarily adopt, should: ....

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