Regulatory Alerts2016-07-13
Added
Circular on the Requirement to Discern Short Term and Long Term Policies
Registered insurers, reinsurers, agents, and brokers must refrain from offering long-term and short-term insurance products under a single policy document. Effective immediately, short-term and long-term insurance products must be offered in separate policy documents. This requirement applies to all insurance policies issued by the regulated entities.
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