LUGI receives Million Dollar Round Table (MDRT) Recognition

LUGI has been accrediated by MDRT

Beginning 2007, MDRT membership will be based on the performance of the member in the previous calendar year, for membership and ato attenda a MDRT Meet. Further, a member will be required to identify the association to which he/she belongs.

Failure to do so will result in their application being denied.

(Extracts of communication received from MDRT dated 14th December 2005)

Dear Mr. Srinivasan

It is my pleaseure to inform you that MDRT's Executive Committee has officially approved the establishment of the association membership requirement of India. Beginning with the 2007 membership year (based on 2006 production) all applicants from India will be required to be members in good standing of a professional association in the country.

Agents may be a member of the Life Underwriters Guild of India (LUGI) or any other association in India that meets all of the following criteria :

1. The association must be an individual membership organisation, open to participation without regards to company affiliation, one of the foucses of which is insurance or financial services.
2. The association must have been in existence at least two years and should have 100 or more members.
3. The association must be a non-profit organization
4. The association must have a code of ethics and an effective means of dealing with breaches of its code.

On the 2007 MDRT membership application, agents will be required to identify the association to which they belong. Failure to do so will result in their application being denied. Applications for the 2007 table will be available in November 2006.

If you have any questions about the professional association requirement, please direct you inquiries to the MDRT Membeship Department. (membership@mdrt.org)

Sincerely

Stephen O. Rothschild, CLU, ChFC
President, 2005 Million Dollar Round Table