Revising AG 49 - The Debate Rages On.

Minnesota regulator Fred Anderson chairs a LATF committee trying to update Actuarial Guideline 49 (AG 49). The NAIC IUL illustration subgroup held a meeting last week to receive comment on a proposal to revise and update AG 49, Indexed UL Illustration regulations.

The proposal under review was submitted by the ACLI. The ACLI proposal was met by criticism and some people on the call countered that an Independent Proposal supported by others in the industry be considered by the regulators.

LATF announced a public comment period on the Independent Proposal. Comments will be accepted until May 27 and can be sent to Reggie Mazyck at RMazyck@naic.org.

Please click here to read the story.