Rift Splits Over ACLI’s AG 49 Proposal
May 20, 2020 by John Hilton
UPDATE: At 1 p.m. today, LATF announced a public comment period on the Independent Proposal. Comments will be accepted until May 27 and can be sent to Reggie Mazyck at RMazyck@naic.org.
A wide rift opened Thursday among industry and consumer factions over changes to indexed universal life illustration rules, with anti-trust charges lobbed at the American Council of Life Insurers.
The acrimony dashed plans by state regulators to reach a consensus on language changes.