NAIC Forms Work Group To Better Regulate Index-Linked Annuities
June 22, 2021 by John Hilton
Registered index-linked annuities are the shining star of recent annuity sales reports and now they have earned the attention of state insurance regulators as well.
A National Association of Insurance Commissioners’ task force today created a subgroup to focus solely on the index-linked annuity products.
“These products are exclusively filed in the states as variable annuities and are funded through non-unitized separate accounts,” read a notice to the task force from Pete Weber, chief life actuary at the Ohio Department of Insurance. “The task force has discussed developing a draft standard for minimum interim values for these products and providing direction for implementing the standard.”
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