National Association Of Insurance Commissioners (NAIC)

Fixed-annuity sales are about to receive a new layer of supervision from state regulators.

Previously, the suitability rule imposed an obligation on insurers only with respect to variable annuities. Now it includes variable annuities as well.

The National Association of Insurance Commissioners has chosen the Pacific Investment Management Co. LLC to help regulators determine how much capital insurers should hold on their balance sheets to protect against potential losses from residential-mortgage-backed securities. Under the new model,

Regulators and representatives of the insurance industry appeared before Congress today to discuss a new draft of the Federal Insurance Office Act of 2009.

Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.

National ratings agencies re-ceived criticism Thursday at a meeting of the insurance industry for their failure to properly rate residential mortgage-backed securities prior to the crisis. As part of the National Association of Insurance Commissioners' fall meeting last week, its ratings agency

The National Association of Insurance Commissioners will hold a public hearing to discuss the role credit agencies should play in the insurance industry.

Although members of the insurance industry and some broker-dealer executives are butting heads with state regulators on tougher annuity regulation, financial advisers cheered the proposed use of Finra-esque suitability layers for all annuity sales.

Insurance carriers and producer groups are balking at a regulatory proposal that would curb commissions for agents and increase the suitability duties of insurance companies.

Kermitt J. Brooks, acting insurance superintendent for New York, today was named the chairman of the National Association of Insurance Commissioners’ life and annuities committee.

A state securities and insurance regulator has called for reform of the way states contend with suitability matters for annuities.