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Life Insurance and Annuities (A) Committee

The mission of the Life Insurance and Annuities (A) Committee is to consider issues relating to life insurance and annuities and review new life insurance products.

2019 Charges

LIFE INSURANCE AND ANNUITIES (A) COMMITTEE

The mission of the Life Insurance and Annuities (A) Committee is to consider issues relating to life insurance and annuities and review new life insurance products.

Ongoing Support of NAIC Programs, Products or Services

  1. The Life Insurance and Annuities (A) Committee will:

    1. Monitor the activities of the Life Actuarial (A) Task Force.
    2. Explore ways to promote retirement security consistent with the NAIC’s continuing "Retirement Security Initiative."
  2. The Annuity Disclosure (A) Working Group will:
    1. Review and revise, as necessary, Section 6—Standards for Annuity Illustrations in the Annuity Disclosure Model Regulation (#245) to take into account the disclosures necessary to inform consumers in light of the product innovations currently in the marketplace.
  3. The Annuity Suitability (A) Working Group will:
    1. Review and revise, as necessary, the Suitability in Annuity Transactions Model Regulation (#275).
    2. Consider how to promote greater uniformity across NAIC-member jurisdictions.
  4. The Life Insurance Online Guide (A) Working Group will:
    1. Develop an online resource on life insurance, including the evaluation of existing content on the NAIC website, to be published digitally for the benefit of the public.
  5. The Life Insurance Illustration Issues (A) Working Group will:
    1. Explore how the narrative summary required by Section 7B of the Life Insurance Illustrations Model Regulation (#582) and the policy summary required by Section 5A(2) of Model #580 can be enhanced to promote consumer readability and understandability of these life insurance policy summaries, including how they are designed, formatted and accessed by consumers.

 

NAIC Support Staff: Jennifer R. Cook/Jolie H. Matthews

Life Insurance and Annuities (A) Committee call - 190710

Conference Call
Wednesday, July 10
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr

Consider the adoption of Valuation Manual (VM) amendments that will be coming up from the Life Actuarial Task Force (LATF).


Life Insurance and Annuities (A) Committee

2019 Spring National Meeting
Orlando Florida
Life Insurance and Annuities (A) Committee
Sunday, April 07, 2019
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Estimated Call Length: 1 hr 30 min

Ritz-Carlton Orlando—Ballroom Salons 1–3—Lobby Level

Life Insurance and Annuities (A) Committee and Annuity Suitability (A) Working Group

2019 Spring National Meeting
Orlando Florida
Life Insurance and Annuities (A) Committee and Annuity Suitability (A) Working Group
Saturday, April 06, 2019
9:00 AM ET, 8:00 AM CT, 7:00 AM MT, 6:00 AM PT
Estimated Call Length: 1 hr

JW Marriott Orlando—Coquina Ballroom North—Lobby Level

Comments on Suitability in Annuity Transactions Model Regulation revisions requested by Friday, February 15, 2019

Education & Training Events

Industry-Only Life Policy Locator Webinar

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Jennifer R. Cook
Senior Health Policy Advisor and Counsel
Phone: 202-471-3986

Jolie H. Matthews
Senior Health Policy Advisor and Counsel
Phone: 202-471-3982

Please see the current Committee List for a complete list of committee members.

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