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NY Life Insurers Ordered To Give Families Lump-Sum Payouts

By Erin Fuchs · February 24, 2012, 5:28 PM EST

New York's insurance watchdog on Friday ordered insurers to pay beneficiaries right away when policyholders die, instead of keeping the money in retained asset accounts, a practice that had allowed insurers...

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NY Life Insurers Ordered To Give Families Lump-Sum Payouts

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