Nevada Best Interest Reg; PODCAST; Inside the Problem Solvers Caucus; Congressional Vacancies; Liability Heads Up on Data

Topics: Advisor standard of conduct, Best interest, Congress, DOL, Fiduciary, NAIC, Regulation, SEC

March 08, 2019 AALU Submits Comments on the Nevada Standard of Care Proposal In January, the Nevada Securities Division (NSD) proposed a set of fiduciary rules, implementing a law enacted in 2017. The NV law that this regulation is based on expanded the types of financial professionals that are subject to Nevada’s existing fiduciary standard.…

Best Interest & Clawback Comments; AALU Ambassadors Engage with New Members; Endorsed Candidate Spotlight

Topics: Best interest, Congress, Estate tax, NAIC, Regulation

February 22, 2019 In-District Spotlight – AALU Members Engage Lawmakers at Home When Members of Congress leave D.C. and head back to their home States, it’s sometimes referred to as “recess.” Lawmakers call this time in-district work periods. Most members use this time to traverse the sometimes-vast geography they represent to dedicate quality time with…

NAIC Rules on Captive Reinsurance Transactions and Principle-Based Reserving

Topics: NAIC, Regulation

On December 16, 2014, the National Association of Insurance Commissioners (“NAIC”) adopted reserve financing rules for certain captive reinsurance transactions—NAIC Actuarial Guideline XLVIII (“AG 48”). These rules apply to most level-term contracts (known as “XXX”) and universal life with secondary guarantee (known as “AXXX”) contracts issued on or after January 1, 2015.