On the other side, several state officials weighed in urging the NAIC to strengthen the model law to cover life insurance in addition to annuities. Maria T. Vullo, New York superintendent of ...

The prospects for an NAIC Unclaimed Life Insurance and Annuities Model Act (“Model Act”) appear to be fading based on developments at the Unclaimed Life Insurance Benefits (A) Working Group ...

The model is expected to be voted on by the full National Association of Insurance Commissioners at its spring meeting on March 25-28 in Denver. The NAIC Life Insurance and Annuities Committee ...

A new conduct model governing annuity transactions moved closer to reality after winning the approval of a key National Association of Insurance Commissioners' (NAIC) committee. The NAIC Life ...

The IUL Subgroup also solicited comment on revising NAIC Life Insurance Illustrations Model Regulation (#582) (Model Regulation 582). The four options were proposed to address regulators ...

Lack of Uniformity NAIC adopted the Life Insurance Illustrations Model Regulation in 1995. Since then, there’s been continued evolution in products and their design, including the introduction ...

The best-interest model of annuity transactions promoted by the National Institute of Insurance Commissioners has gained ... and the American Council of Life Insurers hailed the move as a step ...

As the policies are owned by a life insurance trust and the beneficial ownership interest in the trust is sold, the ownership of the policy is not actually transferred under the NAIC Model Act ...

While not all members of the NAIC's life insurance and annuities committee have come out in favor of including variable products in deliberations over new model disclosure rules, some committee ...

The Life Insurance ... Association of Insurance Commissioners (NAIC) has endorsed a proposal to add an annuity illustrations section to the NAIC’s Annuity Disclosure Model Regulation.

The CEJ cites the industry’s use of insurance credit scores, criminal history scores, facial analytics for life insurance ... says the NAIC can accomplish this if it develops a model law ...