State Regulators Back At Work Reforming IUL Illustration Rules
May 6, 2020 by John Hilton
State insurance regulators might be preoccupied with the COVID-19 pandemic, but efforts to tighten up regulation of indexed universal life illustrations is ongoing.
A comment period closed Thursday on draft changes to Actuarial Guideline 49 proposed by the American Council for Life Insurers. The Life Actuarial Task Force is scheduled to discuss the draft and comments during a May 14 conference call.