Who is responsible for the contents of life insurance advertising?
Understand the Problem
The question is asking about the accountability and regulations surrounding the advertising content of life insurance policies. It seeks to identify which entities or individuals are held responsible for the accuracy and compliance of such advertisements.
Answer
The insurer as well as the producer who created or presented the advertisement
The final answer is the insurer as well as the producer who created or presented the advertisement
Answer for screen readers
The final answer is the insurer as well as the producer who created or presented the advertisement
More Information
Both the insurer and the producer are required to ensure that any life insurance advertisement adheres to regulatory standards.
Tips
A common mistake is assuming only the insurer is responsible, but the producer who created or presented the advertisement shares this responsibility.
Sources
- [PDF] 570-1 ADVERTISEMENTS OF LIFE INSURANCE AND ANNUITIES ... - content.naic.org
- The Complete Guide to Insurance Marketing Compliance - FM Engage - fmengage.com
- 14VAC5-41-160. Severability. - Virginia Law - law.lis.virginia.gov
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