The National Association of Insurance Commissioners (NAIC) held its 2023 Summer National Meeting from August 12 to 16 in Seattle, Washington. As has become the norm, a number of.
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As the year of COVID-19 closes, NAIC groups are adopting their charges for 2021. Especially notable are the following:
Life Actuarial Task Force (LATF)
LATF’s Indexed Universal Life Illustration Subgroup will:
monitor the results and practices of IUL illustrations following implementation of Actuarial Guideline 49-A; and
review the current regulatory framework and recommend changes to Life Insurance Illustrations Model Regulation (#582) to LATF, as needed.
Producer Licensing (D) Task Force
This group will finalize its white paper on the role of chatbots and artificial intelligence (AI) in the distribution of insurance and the regulatory supervision of these technologies in time for the NAIC’s 2021 Spring National Meeting.