NAIC 2018 Fall National Meeting Highlights

21 December 2018
View Debevoise Update
Key takeaways:
  • The Group Capital Calculation (E) Working Group reached a milestone in its development of a group capital calculation with the release of a group capital calculation field testing template, which is tentatively expected to begin in March 2019.
  • The Life Insurance and Annuities (A) Committee exposed a draft of the proposed amendments to the Suitability in Annuity Transactions Model Regulation without a best interest standard, opting instead for enhanced disclosures.
  • The Reinsurance Task Force completed its work on proposed amendments to conform the Credit for Reinsurance Model Law and Model Regulation to the requirements of the Covered Agreement, but the NAIC is delaying adoption until it responds to recent comments from federal officials.