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Military Sales Practices Model Regulation
Edition and licensing notes
Publisher. National Association of Insurance Commissioners (NAIC)
Edition. NAIC model (edition per source)
Status. NAIC model, © NAIC. Brief quotations under fair use; not the enacted law of any state until adopted.
What this document is
Military Sales Practices Model Regulation is a naic model law published by National Association of Insurance Commissioners (NAIC). It is one of the documents that insurance license exam questions are written from, including life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- NAIC Military Sales Practices Model Regulation § 6B(2), producer participation in Armed Forces sponsored education or orientation programs
“The following acts or practices when committed on a military installation by an insurer or insurance producer constitute corrupt practices, improper influences or inducements and are declared to be false, misleading, deceptive or unfair: (1) Using DoD personnel, directly or indirectly, as a...”
- NAIC Military Sales Practices Model Regulation § 7B(1), titles and identifiers implying government or armed forces affiliation
“(1) Making any representation, or using any device, title, descriptive name or identifier that has the tendency or capacity to confuse or mislead a service member into believing that the insurer, insurance producer or product offered is affiliated, connected or associated with, endorsed, sponsored,...”
- NAIC Military Sales Practices Model Regulation § 6A(1): door to door solicitation on an installation
“The following acts or practices when committed on a military installation by an insurer or insurance producer with respect to the in-person, face-to-face solicitation of life insurance are declared to be false, misleading, deceptive or unfair: (1) Knowingly soliciting the purchase of any life...”
- NAIC Military Sales Practices Model Regulation § 7(A)(1): allotment forms and MyPay
“The following acts or practices by an insurer or insurance producer constitute corrupt practices, improper influences or inducements and are declared to be false, misleading, deceptive or unfair: (1) Submitting, processing or assisting in the submission or processing of any allotment form or...”
- NAIC Military Sales Practices Model Regulation § 7E(5): disclosures at the time the application is taken
“Excluding individually issued annuities, when the sale is conducted in-person face-to-face with an individual known to be a service member, failing to provide the applicant at the time the application is taken: (a) An explanation of any free look period with instructions on how to cancel if a...”
- NAIC Military Sales Practices Model Regulation § 6A(2), solicitation of a group, mass or captive audience
“The following acts or practices when committed on a military installation by an insurer or insurance producer with respect to the in-person, face-to-face solicitation of life insurance are declared to be false, misleading, deceptive or unfair: (1) Knowingly soliciting the purchase of any life...”
- Military Sales Practices Model Regulation § 5A, definition of Active Duty
““Active Duty” means full-time duty in the active military service of the United States and includes members of the reserve component (National Guard and Reserve) while serving under published orders for active duty or full-time training. The term does not include members of the reserve component...”
- Military Sales Practices Model Regulation § 7C(2), representations about mortality costs
“The following acts or practices by an insurer or insurance producer lead to confusion regarding premiums, costs, or investment returns and are declared to be false, misleading, deceptive, or unfair: (1) Using or describing the credited interest rate on a life insurance policy in a manner that...”
- Military Sales Practices Model Regulation § 7D(3), replacement of an existing SGLI policy
“The following acts or practices by an insurer or insurance producer regarding SGLI or VGLI are declared to be false, misleading, deceptive or unfair: (1) Making any representation regarding the availability, suitability, amount, cost, exclusions or limitations to coverage provided to a service...”
- Military Sales Practices Model Regulation § 7E(1), lead generating materials
“The following acts or practices by an insurer and or insurance producer regarding disclosure are declared to be false, misleading, deceptive or unfair: (1) Deploying, using or contracting for any lead generating materials designed exclusively for use with service members that do not clearly and...”
- Military Sales Practices Model Regulation § 7F(1), side fund products sold to junior enlisted members
“The following acts or practices by an insurer or insurance producer with respect to the sale of certain life insurance products are declared to be false, misleading, deceptive or unfair: (1) Excluding individually issued annuities, recommending the purchase of any life insurance product which...”
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