The (NAIC) announced on April 8, 2022, that 15 states adopted a new standard for insurance companies to report their climate-related risks. This article summarizes the required survey and which carriers will apply to.

Download Climate Risk Disclosure for Insurance Companies

A last-minute perfect storm may be brewing for carriers who write life and annuity business impacted by nonforfeiture interest rate changes. If you have not yet reviewed your policy forms and actuarial memorandums, you have only until December 31, 2021 to obtain life regulatory approvals. We hope that you will find this information valuable.

Download Nonforfeiture Rate Changes and Filings

Section 7702 contains actuarial tests that a life insurance policy must pass to be considered life insurance and not an investment contract. The result is a change to the nonforfeiture interest rate that must be made to applicable policies being sold after 1/1/22. How many filings will you need to make?

Download IRS Interest Rate Change Impacts Life Insurance

In the spirit of protecting the public interest, the New Mexico Superintendent of Insurance issued a moratorium on approving specific commercial products and endorsements on December 4, 2020.

Download NM Declares Moratorium on Approval of Commercial COVID-19 Policy Changes