NAIC Working Group Plans Deeper Dive Into Annuity Illustrations
November 6, 2018 by John Hilton
A state insurance commissioners’ working group wants more time to consider tweaks to a plan allowing insurers to illustrate indexed annuities using indices that have been around less than 10 years.
During their latest conference call today, the Annuity Disclosure Working Group seemingly reached an impasse when John Robinson of Minnesota proposed changes. The substantive change would double the 10-year limitation to 20 years.
“As long as a unique history can be established going back 20 years, then I think we are in good shape,” Robinson said.
Click HERE to read the full story via InvestmentNews; subscription required.