Eleanor Kitzman

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  SABIR-rattling at the NAIC and beyond

  By Elizabeth D. Festa  |  April 8, 2013

  SABIR says the threat of federal regulation usurping state regulation and states' rights has never been stronger.

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  AG 38: Still In-Force Reserve Concerns and New Business Process Issues

  By Elizabeth Festa  |  July 12, 2012

  Is an NAIC actuarial panel checking reserves on a multi-state basis a new regulatory layer?

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  Put 'Em Up: Why All the Discord and Confusion over the MLR at the NAIC?

  By Elizabeth Festa  |  March 7, 2012

  After a series of unusual decisions and signs of infighting, some some are left to wonder if the NAIC is showing the stress fractures that are bound to result when a group dedicated to state insurance regulation finds itself in an era of relentlessly encroaching federal oversight.

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  AG 38 Set to Pass First Phase Toward New Framework for Setting Reserves

  By Elizabeth Festa  |  March 6, 2012

  And so begins Phase 1 of the process of making sense of AG 38 until principal-based reserving is in place.

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  AG 38: S.C. Contends Proposed 'Framework' Doesn't Comply with SVL for In-Force Business

  By Elizabeth Festa  |  February 6, 2012

  Alaska also defends LATF statement to the NAIC Joint Working Group, in a defense of its reserving concerns for USLG and term UL products in the face of a compromise commissioner-led, industry-approved "framework" concept. Also, tensions between the role of the NAIC's life actuary group's voice and commissioner-level control of...

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  AG 38 Comment Letters: Let PBR Fly, Be Careful of Tax Issues

  By Elizabeth Festa  |  January 31, 2012

  Life insurers do assert that state laws that wouldn’t appear to prohibit the use of principles-based reserving on previously issued policies, as long as it is with the commissioner’s approval, key insurers told the NAIC.

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  Insurers May Avoid Big Hit to Reserves for In-Force Business Under AG 38 Draft

  By Elizabeth D. Festa  |  January 13, 2012

  Draft framework form commissioners won't apply LATF to in-force business, but will apply it, open to modifications or tweaks, to prospective business, allowing companies to price for it.

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  Is the NAIC a Trade Group or Official Standard-Setter?

  By Elizabeth Festa & Arthur D. Postal  |  December 19, 2011

  Long considered a trade association, and formally defined as an educational foundation, the National Association of Insurance Commissioners plans to re-define itself as a "standard-setting" group, even though critics note it does not have the authority to do so.

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  NAIC Top Working Group Tackles AG 38

  By Elizabeth Festa  |  December 8, 2011

  NAIC Commissionersy talk up a level playing field, uniformity, PBR and peer review as they roll up their sleeves to figure out the best way to reserve for new products with secondary guarantees, and how to establish premiums even as modern products continue to race beyond old-fashioned reserving methodologies.