Rate Regulation

  • Congressman, if I could also just respond from a life insurance viewpoint.
  • Rate regulation is not an issue that pertains to the life market.

-- William Fisher, Vice President and Associate General Counsel for the Massachusetts Mutual Life Insurance Company, on behalf of the American Council of Life Insurers

2001 0621 - GOV - INSURANCE PRODUCT APPROVAL: THE NEED FOR MODERNIZATION

  • Commissioner David Lyons (Iowa) convened the Life Insurance (A) Committee for the purpose of conducting a hearing on the Second Standard Nonforfeiture Law for Life Insurance and the Standard Nonforfeiture Law for Deferred Annuities.

  • Bill Carroll (American Council of Life lnsurance-ACLI) said the ACLI did not believe the life insurance model should be adopted in its present form because it constituted rate regulation, especially in respect to non-traditional products, referred to as fund-based products. <Universal Life>

1994-1, NAIC Proceedings