Illustration Requirements May Be Up in the Air Again
By EsqSocial Corporation 02/10/24
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...
By: Carlton Fields