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Life Insurers Council Selects New Board Members and Honors Longstanding Board Member

WINDSOR, Conn., July 5, 2011-Today, the Life Insurers Council (LIC) announces three new members to its board of directors.

The new board members were elected at the 2011 LIC Annual Meeting held on May 18 in Orlando, Fla.   Each will serve a three-year term, which began in May.  As part of the board of directors, they will help set policy and guide the actions of the LIC, which, as part of LOMA, represents the life insurance and financial services industry in more than 80 countries worldwide.

The new members are:

· Michael C.S. Fosbury, senior vice president and chief investment officer,  Columbian Mutual Life Insurance Company

· Richard J. Kypta, senior vice president, general counsel and secretary, Farm Bureau Life Insurance Company

· Douglas M. Tuttle, president and CEO, Loyal Christian Benefit Association

In addition, LIC honored H. Stacey Boyer, vice president division general counsel and secretary for Monumental Life Insurance Company, with the 2011 Distinguished Service Award (DSA). 

"Stacey has been a tremendous asset to the LIC, serving as chair of the Laws and Legislation Committee since 1997 and chair of the board of directors in 2008," said Jeffrey Shaw, executive director, Life Insurers Council. "Her dedicated service to the board has been indispensable as she shared her extensive experience and insight, helping the organization transition to the next level as we merged with LOMA.  I am pleased that we can recognize her significant contribution to the LIC."

Established in 1990, the DSA is given annually to a person who has greatly contributed to the LIC and its members.  Nominated by LIC's advisory committee, Boyer received this award during the 2011 LIC Annual Meeting.

For more than a century, the LIC's mission has been to provide practical business solutions to companies serving the modest- and middle-income market. Consequently, the LIC has had traditional ties to many home service, pre-need and final expense insurance companies as well as niche-market companies selling small face amount life products through a variety of distribution channels.


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Donna G. Sullivan, 860-285-7875,

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About The Life Insurers Council (LIC)

The Life Insurers Council (LIC) was founded in 1910 to promote the interests of member companies and their policy owners.  In 1997, the LIC merged with LOMA, which added extensive benefits for all LIC members. All LIC members can take advantage of resources available to LOMA members, including committee membership, information resources, and discounted fees on workshops, conferences and education programs.

About LOMA

Established in 1924, with 1,200 plus member companies in over 80 countries, LOMA is committed to a business partnership with its world-wide members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing, and related products and services. To find out more about LOMA and the learning opportunities it offers, visit LOMA's Web site at