Georgia Insurance Commissioner John W. Oxendine has announced the release of a new tool to help military personnel research and recover compensation resulting from a 2006 multistate regulatory settlement agreement over life insurance sales practice to the military.
This tool may be found at http://eapps.naic.org/restitution/.
"The Web application," said Oxendine, "is designed to make it easier for our military service members to determine if they are eligible for compensation by simply entering their first and last name in the search engine. If you have one of these policies or are the beneficiary of such a policy, you are entitled to a cash payment, even if the policy has already been terminated."
More than 14,000 service members who purchased insurance products from American-Amicable Life Insurance Company of Texas, Pioneer American Insurance Company and Pioneer Security Life Insurance Company.