FIC: Life Agent Notification of Lapse Included in Omnibus Bill
By: Katrina Callaway, FIC General Counsel On January 16, 2019, HB 301, an insurance omnibus bill, was filed by Rep. Santiago (R) that contains language proposed by the National Association of Insurance and Financial Advisors (NAIFA) requiring life insurers to notify agents by mail or electronically of the impending lapse in coverage. A variation…