Life Committee

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  Valuation Manual heads to NAIC meeting with fingers crossed

  By Elizabeth D. Festa  |  November 26, 2012

  Will New York be on board as the regulatory year comes to a close and legislative season readies to open?

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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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  PBR Valuation Manual Adopted by Lead NAIC Committee

  By Elizabeth Festa  |  August 17, 2012

  Hamm of North Dakota says PBR needs to get moving to get approved by state legislatures, noting it has been around longer than Moses has been clean-shaven.

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  Who will be the next Glenn Neasham?

  By Elizabeth Festa  |  May 2, 2012

  Lake County, California, is said to be known for a few things besides having the state’s largest freshwater contained lake—pear production, bird watching, wineries, recent meth lab busts and Glenn Neasham, the convicted insurance agent who thought, he claims, he was selling a good product to a competent senior.

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  Who Will Be the Next Glenn Neasham?

  By Elizabeth D. Festa  |  April 20, 2012

  When Glenn Neasham was convicted on felony theft charges and sentenced to jail for selling an annuity to an 83-year-old woman with dementia, it sent shockwaves through the agent community. But a bigger issue looms: Will Neasham's case repeat itself elsewhere?

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  NAIC to Scrutinize Contingent Annuities

  By Elizabeth Festa  |  November 6, 2011

  The NAIC is forming a subgroup to tease out the issues of the burgeoning contingent annuity market, even as key player, MetLife, says it will not sell them, citing a number of concerns over the product, including reserving.