TUCSON, Ariz.-Ken Robinson, former president at NAFCU, spoke at a Minnesota Life Insurance Company sales rally recently about the need to keep an eye on regulations being drafted after passage of the Financial Services Modernization Act of 1999. These should be watched for any effect they might have on NAFCU's NSC network of third-party suppliers, he advised, according to the Minnesota Life release. "We have a lot invested in our long-term relationships with our suppliers, and we want to keep those relationships intact," Robinson reportedly told the group. Suppliers in the NSC network offer products and services to NAFCU member credit unions. Minnesota Life, for instance, provides CUs with an ability to market life and disability insurance to their members. Robinson noted that NAFCU is lending its voice during the rule-making process, but suppliers should "pay attention to news coming out of Washington, and stay in touch with those who are in a position to have an impact on the process." Robinson also talked to the group about prompt corrective action issues and touched on developments in the presidential and congressional campaigns, according to a Minnesota Life spokeswoman.
Robinson advises insurance group to watch rules
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