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SEC Sued By NAIC, NCOIL Over Equity Indexed Annuities Rule 151A

In the National Underwriter, Arthur D. Postal writes that the National Association of Insurance Commissioners (NAIC) and the National Conference of Insurance Legislators (NCOIL) have jumped into the fray regarding Rule 151A. The rule was enacted by the Security and Exchange Commission (SEC) last December; …

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Life Insurance Providers Want NAIC To Relax Restrictions

Greg Bordonaro recently mentioned in the Hartford Business Journal that the American Council of Life Insurers, a trade group for the life insurance industry, has asked the National Association of Insurance Commissioners to loosen several regulations in order to help the industry recover after suffering …

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