A complete medical record allows life insurance companies to keep coverage affordable and accessible and accurately assess risk. We are for transparency and openness as we carry out our mission to help people take care of what matters most.
ACLI commented at a meeting of the Artificial Intelligence Working Group of the NAIC, expressing its support for guidance that makes clear that artificial intelligence shouldn’t be used to make underwriting decisions or produce outcomes that otherwise would be prohibited by life insurance unfair trade practices law.
Life insurers rely on verified medical information when writing policies for consumers. It’s vital that the process remain transparent and honest so that companies can continue offering affordable and accessible products for Americans.