Life Insurance Products Coupled with Annuities – NAIC Our Lexington report alluded to the controversial issue of nonguaranteed policy element illustrations. Currently, the issue is being addressed by four different groups: this task force; the Life Insurance (A) Committee’s Cost Disclosure Task Force; the American Academy of Actuaries Task Force on Nonguaranteed Elements; and the…

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Projected Interest Earnings Working Group – (A) – NAIC Projected Interest Earnings Working Group – (A) – NAIC  —  [BonkNote] 1991-1A – NAIC Proceedings – p561 ACLI – Section 1B and C – Tony Spano (American Council of Life Insurance) suggested amending the word “policy” in these two subsections to read “advertisement” since policies do not…

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Annuity Suitability Working Group – (A) – NAIC carltonfields.com/insights/expect-focus/2018/another-bout-in-the-naic-best-interest-standard-ti In response to the National Association of Insurance Commissioners’ (NAIC) Annuity Suitability Working Group’s (Suitability WG) proposed revisions to the “Suitability and Best Interest Standard of Conduct in Annuity Transactions Model Regulation” (Model), 23 comment letters were submitted by regulators, consumer groups, industry groups, and companies…

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Risk Retention Group Task Force – (E) – NAIC naic.org/committees/e/risk-retention-group-tf The Risk Retention Group (E) Task Force will: Monitor and analyze federal actions, including any U.S. Government Accountability Office (GAO) reports. Consider any action necessary because of federal activity. Financial Condition (E) Committee

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Advertising of Insurance Committee – (H) – NAIC 1966-2. NAIC Proceedings (p605) – Advertising of Insurance (H) Committee The Honorable S. Roy Woodall, Jr., of Kentucky presented the report of the NAIC-FTC Resolution (H1) Subcommittee for consideration by the parent Committee. (p607) – Report of the Results Obtained from Questionnaire Forwarded to Individual Members of…

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Receivership Law Working Group – (E) – NAIC 2020 1023 – RLWG – NAIC – Conference Call / Attachments, Receivership Law Working Group (E) – 61p  Date-? – Letter – Joint Submission of NOLHGA And NCIGF Regarding the NAIC Model Law Working Group’s Survey of States’ Receivership Laws – 3p

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Integrated Financial Services Task Force – (EX) – NAIC 1988-2, NAIC Proceedings – (p72) – Integrated Financial Services (EX) Task Force and the Securities and Insurance Regulation (EX) Task Force were consolidated. The new task force will be entitled the Financial Services and Insurance Regulation (EX) Task Force.

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