Member companies of LIMRA International and LOMA have voted overwhelmingly in favor of merging.
The merger of the 2 insurance and financial services trade associations will take effect Jan. 1, 2008.
Members of LIMRA, Windsor, Conn., voted for the combination 144-0, and members of LOMA, Atlanta, approved the deal with a vote of 165-6, with 1 abstention.
LIMRA will continue to conduct research on financial products, marketing and distribution, and LOMA will keep its operations in Atlanta and continue to provide specialized training for member companies' personnel, the groups say.
