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@InsNewsNet
insurancenewsnet.com > innarticle > regulators-clear-way-to-rewrite-annuity-illustration-rules

Regulators clear way to rewrite annuity illustration rules

1+ mon, 4+ week ago   (567+ words) A National Association of Insurance Commissioners' committee voted Monday to reopen the annuity disclosure model to give regulators a chance to tamp down illustrations. Regulators with the Life Insurance and Annuities Illustrations Working Group say that some sales illustrations project…...

@InsNewsNet
insurancenewsnet.com > innarticle > naic-annuity-guidance-updates-divide-insurance-and-advisory-groups

NAIC annuity guidance updates divide insurance and advisory groups

3+ mon, 4+ week ago   (647+ words) Insurance and financial planning groups are clashing over whether and how regulators should expand guidance tied to the National Association of Insurance Commissioners' best-interest annuity sales rule. In a pair of comment letters, industry trade groups defended the current framework…...

InsuranceNewsNet
insurancenewsnet.com > innarticle > conn-regulators-prep-phl-variable-for-liquidation-after-selloff-fails

Conn. regulators prep PHL Variable for liquidation after selloff fails

8+ mon, 1+ week ago   (725+ words) Connecticut regulators say a potential sale of troubled PHL Variable Insurance Co. life blocks is no longer feasible, and liquidation is the next step. Interim Insurance Commissioner Josh Hershman announced the stunning change in strategy in the latest rehabilitation report…...