Insurance Commish Mike Chaney issued the following statement.
The
Life Insurance Policy Locator — launched by the Mississippi Insurance
Department through the National Association of Insurance Commissioners —
has matched consumers
with policies totaling $1,452,178 million in the past 12 months.
The
NAIC launched the free national locator service in November 2016 to
make it easier to connect consumers with lost life insurance policies or
annuities. In Mississippi,
232 beneficiaries have been matched with $3,538,544 since November 2016.
“We saw there was a need for a tool like the Life Insurance Policy Locator several years ago,” said Insurance Commissioner
Mike Chaney. “The tool helps us meet our goal
of protecting consumers and connecting them with lost policies and
possibly money that they’re owed.”
In
its initial two years, the locator has matched 24,934 consumers with
policies, totaling $368 million. More than 48,000 consumers have
conducted searches nationwide in that time. During
its first year, the policy locator initially found $92.5 million in
lost benefits for consumers. As more matches were made to requests from
that year, the first-year total has increased to $166.7 million.
11 comments:
Link?
Naturally this pisses off insurance companies.
I had a 1 million policy on Roy Clark, but I cannot find it.
9:20- That's just wrong. Something is wrong with you. :)
https://eapps.naic.org/life-policy-locator/#/welcome is the link to the page
I went to Mike's website and saw he announced this May 17, 2017.
His link does not work.
https://eapps.naic.org/life-policy-locator/#/decedent
https://www.naic.org/documents/consumer_alert_locate_lost_life_insurance_benefit.htm
Insurance companies must have removed the link
BFD, this service has been around for years. It looks like the commish is trying to take credit for something that someone else created.
Does this self-promotion mean he is fixin' to run for higher office?
What's your point? What difference does it make when he announced it? Confucius say "Everything Can't Happen Yesterday"...
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