Original source: https://insurancenewsnet.com/innarticle/naic-group-aims-to-finalize-policy-overview-idea-by-summer-meeting
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InsuranceNewsNet (05/15/19) Hilton, John
The National Association of Insurance Commissioners’ (NAIC) Life Insurance Illustration Issues working group anticipates completing its”policy overview” summary to follow life insurance earnings by early August, if the NAIC’s summer meeting occurs. Deputy chief legal counsel for the Wisconsin Office of the Commissioner of Insurance, chairman Richard Wicka, says the group has a rather narrow scope of responsibility. “My concern has always been that we are dealing with one restricted charge, and should we change it into dealing with the delivery requirement, we are getting outdoors our street,” he clarifies. Wicka adds that additional group members are advised to request the oversight A Committee to get an expanded charge addressing the delivery of the policy summary. The working group may accept written public comments on the policy review until June 21, he states…. Read More
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