NAIC regulators decline to move life illustration rework forward
December 20, 2022 by
A state insurance task force passed on a chance to endorse reopening the overall life insurance illustration model law, leaving the effort in limbo going forward.
The Life Actuarial Task Force met last week during the fall meeting of the National Association of Insurance Commissioners. During its two-day meeting, the panel declined to refer opening the life insurance illustrations model to its parent A Committee, or refer it to another group with expertise in illustrations, an NAIC spokesman said.