NAIC Annuity-Related Working Group Meeting Materials–June 13

Note:  To view the related meeting materials for each item, click on the hyperlinks below.

NAIC Annuity Disclosure Working Group

The National Association of Insurance Commissioners (“NAIC”) Annuity Disclosure Working Group will meet on Saturday, June 13 during the NAIC’s 2009 Summer National Meeting in Minneapolis.  Items scheduled to be discussed include:

• Annuity Illustrations
  • March 16, 2009 discussion draft of Annuity Illustration Guidelines v.2 
    • Comments from the American Academy of Actuaries’ Life Practice Council

• Guaranty Fund Disclosure
  • May 13, 2009 draft template of the Notice of Protection Provided by [State] Life and Health Insurance Guaranty Associations
    
    • Comments from the American Council of Life Insurers (“ACLI”)
    • Comments from Brenda Cude, NAIC Consumer Representative
      
    • Comments from Karrol Kitt of the University of Texas at Austin
    • Comments from Michelle Brugh of the Ohio Department of Insurance
  • Section 19 of Model 520-Life and Health Insurance Guaranty Association Model Act

To view the complete Annuity Disclosure Working Group meeting agenda, click here.

NAIC Suitability of Annuity Sales Working Group

The NAIC Suitability of Annuity Sales Working Group will meet on Saturday, June 13, during the 2009 Summer National Meeting in Minneapolis.  Items scheduled to be discussed include:

• Suitability in Annuity Transactions
  • May 22, 2009 discussion draft of revisions to the NAIC Suitability in Annuity Transactions Model Regulation
    • Comments from the ACLI

For further information on the May 22 discussion draft, click here.

Should you have any questions or comments, please contact Colodny Fass. 

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