ACLI Commends Senate Committee for Passing Senior$afe Act Legislation
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"The Senior$afe Act is constructive public policy," said ACLI President and CEO
"The Senior$afe Act facilitates improved communication between insurance producers, life insurance companies and regulators in the event of suspected financial exploitation of senior citizens," said
The bill encourages financial services firms to provide appropriate training to front-line employees and producers, while granting immunity to those that report suspected abuse to regulators and law enforcement authorities. It is a companion bill to H.R. 3758, which was authored by Reps.
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