team has included updated on topics such as life insurance company assets, the annuities sector, and life expectancy.
filed the letter in response to questions posted by DOL, which attracted 400 comments from a wide range of stakeholders.
In July, Dirk Kempthorne, the president of the ACLI
, put out a statement encouraging Congress to approve the TPP as quickly as possible.
argued in the comments that the availability of cash value "keeps premiums steady throughout the life of the contract, and can also pay for the premiums during tough and uncertain times.
technology was developed by industry and is another demonstration that, left unhampered by excess government rules, the market works to produce safer products.
also said that the FSOC in designating MetLife failed to account for the basic differences between banks, on the one hand, and insurance companies, on the other, including differences in the products offered, the liabilities assumed, and the economic risks respectively faced by banks and insurers.
will serve as immediate past chairman of the ACLI
in the coming year.
also presented a follow-up survey of state insurance regulation in its remarks Dec.
This difficult situation began as an effort by the ACLI
to urge the NAIC to quickly implement nine capital relief measures which, it asserts, are overly conservative and need to be liberalized to flee up life insurer capital in these difficult financial times.
The estimate for banks is derived by applying ACLI
restructuring percentages to FDIC bank data.
Officials at the ACLI
would not comment on Tuesday.