Knights of Columbus Ethical Practices Qualifications Reaffirmed

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IMSA renews life insurance company’s place among industry leaders.

The Insurance Marketplace Standards Association (IMSA) has renewed the membership of the Knights of Columbus as an insurance industry leader in ethical standards and practices. IMSA, the premiere standard-setting organization in the life insurance marketplace, recognized the Knights of Columbus in a March 30, 2007, announcement.

The three-year renewal of qualification reflects the commitment of the Knights of Columbus to be “fair, honest, and open in the way they advertise, sell and service their products,” according to IMSA.

IMSA President and CEO Brian Atchinson congratulated the Knights of Columbus for its “continuing commitment to high ethical standards,” explaining that the IMSA qualification is a “demonstration of their dedication to serving customers with honesty and integrity.”

The Knights of Columbus also holds the highest ratings from A.M. Best Company (A++ Superior) and Standard & Poor’s (AAA Extremely Strong), independent analyst organizations that evaluate the financial strength of life insurance companies. The Knights of Columbus is one of only four insurers in North America to simultaneously earn IMSA certification and top ratings from both A.M. Best and Standard & Poor’s.

Supreme Knight Carl A. Anderson expressed satisfaction with the renewed IMSA qualification, saying that “the Knights of Columbus, throughout its 125-year history, has always placed the needs and care of its members and their families as its first priority.” He noted that by holding firmly to its principles, “the Knights of Columbus continues to rank among life insurance industry leaders in sound and ethical practices.”