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Product experts: Regulators need to end 'gamesmanship' of IUL illustrations – InsuranceNewsNet

Product experts: Regulators need to end 'gamesmanship' of IUL illustrations – InsuranceNewsNet
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NAIC subgroup tees up another crackdown on IUL illustrations

NAIC subgroup tees up another crackdown on IUL illustrations
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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Coming Out of Winter Hibernation | Carlton Fields

The Life Insurance and Annuities (A) Committee sprang into action during the NAIC Spring 2022 National Meeting in April. The A Committee discussed recent activities and 2022 plans for. ....

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Private Equity Interest In Insurance Will Remain Strong, Speaker Says – InsuranceNewsNet

TAMPA Private equity firms will continue to hunt out insurance company acquisitions despite growing regulator concerns, a panelist said Tuesday. ....

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NAIC Groups Adopt 2021 Charges | Carlton Fields

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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 on the role of chatbots and artificial intelligence (AI) in the distribution of insurance and the regulatory supervision of these technologies in time for the NAIC’s 2021 Spring National Meeting. ....

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