The NAIC requested a whole evaluate of the illustrations; Regulators Demur

The Insurance coverage Commissioners right this moment offered a proposal to create a working group to hold out a complete and coordinated evaluate of annuity and life insurance coverage designs. Birny Birnbaum, Govt Director of the Middle for Financial Justice, proposes a working group on the illustration of insurance coverage and annuities on life. The brand new group would substitute the Annuities Disclosure Working Group, however would additionally take over a part of the work on illustrations assigned to at the very least three different working teams, Birnbaum mentioned. "The…