Florida Clears Securian Financial To Offer Debt Protection
ST. PAUL, Minn. – Securian Financial Group received regulatory approval to write debt protection contractual liability policies in Florida, the company said yesterday.
The policy, available after Feb. 5, transfers the risk of providing the loan protection product from the lender to the insurer.
Securian started offering debt protection in 2002 and now offers customized and pre-packaged programs that protect a variety of loan types. The company also provides administrative services such as program pricing, benefit determination and overall program management.
The insurer claims more than 200 debt protection programs in financial institutions throughout the U.S.