NAIC Task Force Adopts Index-Linked Variable Annuity Guidelines
December 27, 2022 by Allison Bell
A panel of regulators at the National Association of Insurance Commissioners has adopted a set of standards for a popular, relatively new type of annuity — the registered index-linked annuity, or index-linked variable annuity.
Members of the Life Actuarial Task Force, part of the NAIC’s Life Insurance and Annuities Committee, approved Actuarial Guideline ILVA last week, in Tampa, Florida, during the NAIC’s fall national meeting. The guideline will apply to contracts issued on or after July 1, 2024, according to a draft of the guideline included in a task force document packet.