NAIC - Annuities

  • Annuity Suitability Safe Harbor Guidance
  • MODEL LAWS
  • content.naic.org/sites/default/files/legacy/documents/legal_mod_law_toc.pdf 
  • MDL-235 - Interest-Indexed Annuity Contracts Model Regulation
  • MDL-240 - Charitable Gift Annuities Model Act
  • MDL-241 - Charitable Gift Annuities Exemption Model Act
  • MDL-245 - Annuity Disclosure Model Regulation This model regulation provides standards for the disclosure of information about annuity
  • MDL-250 - Variable Annuity Model Regulation
  • MDL-255 - Modified Guaranteed Annuity Regulation
  • MDL-260 - Variable Contract Model Law
  • MDL-275 - Suitability in Annuity Transactions Model Regulation
  • MDL-278 - Model Regulation on the Use of SeniorSpecific Certifications and Professional Designations in the State of Life Insurance and Annuities
  • MDL-568 - Military Sales Practices Model Regulation The purpose of this model regulation is to set forth standards to protect active duty service members of the United States Armed Forces from dishonest and predatory insurance sales practices by declaring certain identified practices to be false, misleading, deceptive or unfair.
    • This regulation shall apply only to the solicitation or sale of any life insurance or annuity product by an insurer or insurance producer to an active duty service member of the United States Armed Forces
  • MDL-570 - NAIC - Advertisements of Life Insurance and Annuities Model Regulation
  • MDL-613 - NAIC - Life Insurance and Annuities Replacement Model Regulation
  • MDL-692 - Interstate Insurance Product Regulation Compact
    • This model establishes a compact for the purpose of approving forms for life, annuity, disability income and long-term care insurance. The compact also has authority to review and approve rates for disability income and long-term care, as well as advertising for longterm care insurance.
  • MDL-693 - Market Conduct Surveillance Model Law
    • This model law establishes a framework for market conduct actions, including processes and systems for identifying, assessing and prioritizing market conduct problems; actions by a commissioner to substantiate market conduct problems and a means to remedy significant market conduct problems; and procedures to communicate and coordinate market conduct actions among jurisdictions to foster the most efficient, effective use of resources.
  • MDL - 695 Synthetic Guaranteed Investment Contracts Model Regulation
    • This model regulation prescribes the terms and conditions under which life insurance companies may issue group annuity contracts and other agreements that establish the insurer's obligation by reference to a segregated portfolio of assets that is not owned by the insurer; the essential operational features of the segregated portfolio of assets; and the
      reserve requirements for these group annuity contracts and agreements.
  • MDL-805 - Standard Nonforfeiture Law for Individual Deferred Annuities
  • MDL-806 - Annuity Nonforfeiture Model Regulation