E-Signature Law Opening New Era
Monday, July 10th, 2000 Life & Health TechnologyPresident Bill Clinton’s signature on legislation establishing a legal framework for electronic contracts could open up a new era in the electronic delivery of insurance services, industry representatives say. "Simply put, this legislation gives people more opportunities to purchase the financial protection they need," said Carroll A. Campbell Jr., president of the Washington-based American Council of Life Insurers. The legislation "should now persuade even the most skeptical insurance executives about possibly investing some company resources in doing business over the Internet," said David Reddick, government affairs advocate for the National Association of Mutual Insurance Companies in Indianapolis. He said that any fears about the legal uncertainties of electronic transactions have now been put to rest.
