NAIC 2018 Spring National Meeting
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Key takeaways:
- In light of the Fifth Circuit decision striking down the Department of Labor fiduciary rule, the NAIC is reconsidering its approach with respect to a proposed “best interest” standard for the sale of annuities.
- The NAIC has started to consider the implications of federal tax reform on risk based capital for life insurers, including potential amendments to the life RBC formula and instructions.
- Several NAIC Task Forces and Working Groups have been directed to draft amendments to model laws and regulations in order to satisfy the reinsurance collateral requirements of the Covered Agreement.
Click here to view the NAIC Spring Webinar Recap