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During the December 8 Life Actuarial Task Force& meeting, the Index Universal Life Illustration (A) Subgroup reported on its findings regarding IUL illustrations following the...
On November 29, the NAIC Index-Linked Variable Annuity (A) Subgroup (ILVA Subgroup) issued a proposed actuarial guideline to clarify the application of NAIC Model 250, Variable Annuity...
To embed, copy and paste the code into your website or blog: As the year of COVID-19 closes, NAIC groups are adopting their charges for 2021. Especially notable are the following: Life Actuarial Task Force (LATF) LATF’s Indexed Universal Life Illustration Subgroup will: monitor the results and practices of IUL illustrations following implementation of Actuarial Guideline 49-A; and review the current regulatory framework and recommend changes to Life Insurance Illustrations Model Regulation (#582) to LATF, as needed. Producer Licensing (D) Task Force This group will finalize its white paper ...