NAIC task force: no life illustrations rework planned in 2024
October 11, 2023 by John Hilton
State insurance regulators advanced 2024 charges today and revealed no plans to confront a full-scale rewrite of the life insurance illustrations model.
The Indexed Universal Life Illustration Subgroup is tasked with providing “recommendations for the consideration of changes to the Life Insurance Illustrations Model Regulation (#582) to the [Life Actuarial] Task Force, as needed.”
That wording is exactly the same as the 2023 charge for illustrations.
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Originally Posted at InsuranceNewsNet on October 5, 2023 by John Hilton.
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