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House Insurance Committee hears briefing on life insurance, annuities and regulation
Summary
The House Insurance Committee heard a detailed educational presentation from the Griffith Foundation and Dr. Robert Klein on life insurance types, annuities, solvency and market regulation, followed by committee questions on financial literacy and artificial intelligence in insurance.
The House Insurance Committee heard a briefing on life insurance and annuities from the Griffith Foundation and Dr. Robert Klein, Emeritus Professor of Risk Management and Insurance at Georgia State University, during its meeting. The presentation reviewed major life insurance product types, policy provisions, regulator roles and consumer protections, and the committee followed with questions about financial literacy and artificial intelligence in insurance.
The Griffith Foundation's Executive Director, Frank Paul Tomasello, opened by describing the group as an educational nonprofit and said its materials are provided on a complimentary, nonpartisan basis. “We are here to educate,” Tomasello told the committee.
Dr. Robert Klein described life insurance as a contract “that can do a couple of things,”…
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