Filed Under:Markets, Gen X Y

NAIC hilights fed-level group for mooring annuities within safe harbor

Is the safe harbor for annuity sellers safe enough?  (AP Photo/Florida Keys News Bureau, Andy Newman)
Is the safe harbor for annuity sellers safe enough? (AP Photo/Florida Keys News Bureau, Andy Newman)

The National Association of Insurance Commissioners (NAIC) is expected to appoint a group to work with federal agencies on persuading plan sponsors to accept that annuity providers are financially sound so they can meet Department of Labor (DOL) safe harbor and fiduciary requirements. A similar group has been in existence. 

The new ERISA Retirement Income Working Group contemplated by the NAIC’s Life Insurance (A) and Annuities Committee would work with representatives of the DOL, the White House Council of Economic Advisors (CEA), the U.S. Department of the Treasury and any other appropriate federal agencies, in coordination with the NAIC Government Relations Leadership Council, according to a recent draft of the Life (A) Committee’s charges. 

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date


Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.