NAIFA Trustee Win Havir, CPCU, CLF, LUTCF, FSS, AIC, LACP, a founding member of NAIFA’s Diversity, Equity, and Inclusion (DEI) Council, testified on behalf of NAIFA before the National Association of Insurance Commissioners (NAIC) Committee on Race and Insurance.
“NAIFA represents Main Street, and we are continually looking for ways to remove the barriers that stand in the way of access to financial literacy and the products and services that provide financial security, independence and freedom for all,” Havir told the committee. “NAIFA members do this every day and celebrate many diverse cultures and are represented in every congressional district.”
She reaffirmed NAIFA’s commitment to working with the NAIC and being a resource to remove barriers “and create greater access to our industry for both consumers and producers.”
In a previous comment letter to the NAIC, NAIFA outlined the work it has done and continues to do within the industry on DEI issues and pledged to work with the Committee on Race and Insurance on several of its specific charges, including to:
- Continue research and analysis related to insurance access and affordability issues, including: the marketing, distribution, and access to life insurance products in minority communities, including the role that financial literacy plays.
- Make referrals for the development of consumer education and outreach materials as appropriate.
- [Explore] the availability of producer licensing exams in foreign languages, steps exam vendors have taken to mitigate cultural bias, and the number and locations of producers by company compared to demographics in the same area.