Illustration Requirements May Be Up in the Air Again
October 8, 2024 by Carlton Fields, Ann Young Black
At the National Association of Insurance Commissioners’ Summer 2024 National Meeting, the Life Insurance and Annuities (A) Committee received a report of its Life Actuarial (A) Task Force and a presentation on indexed universal life (IUL) and fixed indexed annuity (FIA) illustrations. Judith French, director of the Ohio Department of Insurance and chair of the Life Insurance and Annuities Committee, stated that she looked forward to future discussions on the potential need for changes to IUL and FIA illustration regulations.
Click HERE to read the full article at JD Supra
Wink’s Moore on the Market: Soooo grateful for the research that Richard Weber brought to the National Association of Insurance Commissioners (NAIC)‘s meeting.
Maybe we WILL get some meaningful change, as it relates to indexed life and indexed annuity illustrations?
*sjm holding breath* -sjm