NAIC subgroup tees up another crackdown on IUL illustrations
July 19, 2022 by John Hilton
After a five-month hiatus, a state regulator group met today to again consider tightening Actuarial Guideline 49A to rein in life insurance illustrations.
The Indexed Universal Life Illustration Supgroup held a short call to restart its discussion on the problematic IUL illustrations. Adopted in 2015, AG 49 failed to bring IUL illustrations in line, so the National Association of Insurance Commissioners adopted the subgroup’s recommendations for AG 49A late in 2020.