Joint Working Group

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  Captive SPVs: Shadow industry or necessary tool for life insurers?

  By Elizabeth D. Festa  |  November 21, 2012

  Some state regulators are raising the specter of the “shadow banking system” in addressing the captives issue.

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  AG 38 Adopted: Check Your Life Reserves in the Rearview Mirror

  By Elizabeth Festa  |  September 12, 2012

  The joint committee led by Texas Insurance Commissioner Eleanor Kitzman has found success with a new approach to reserving for USLG and term life products with certain guarantees.

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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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  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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  Top 10 Hot Topics for the Upcoming NAIC Conference in NOLA

  By Elizabeth Festa  |  February 28, 2012

  Insurance regulatory policy takes shape in the Big Easy this week, and here are things to look for, from ORSA manual and model law development so the U.S. system can meet international solvency and scrutiny standards to that pesky AG 38 issue. Don't get lost!

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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.