IDS Life Insurance Company

  • For a good summary of the development of the NAIC Model Variable Life Regulation, Rule 6e-2 and the state and federal issues associated with variable life insurance, I would refer you to a Connecticut Law Review article written by Paul Mason and Steve Roth of the Washington law firm of Sutherland, Asbill & Brennan.
    • That article, entitled "SEC Regulation of Life Insurance Products - On the Brink of the Universal," appeared in Volume 15, No. 3, the Spring 1983 issue
  • Although my company decided to develop a traditional universal life policy after looking at the NAIC Variable Life Regulation and Rule 6e-2, we joined two groups in late 1981, which had been formed to change the NAIC regulation and Rule 6e-2.
  • An ad hoc group of approximately thirty companies worked with the Sutherland, Asbill & Brennan law firm on this project, an American Council of Life Insurance (ACLI) task force of fifteen companies was also formed to consider changes to those regulations.

--  William A. Stoltzman, Associate General Counsel at IDS Life Insurance Company

1985 - SOA - Variable Universal Life Insurance, Society of Actuaries - 22p