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Annuity Disclosures (A) Working Group
Life Insurance and Annuities (A) Committee

Mission

The main work of the Annuity Disclosure (A) Working Group will be to review the NAIC Annuity Disclosure Model Regulation to improve the disclosure of information provided for annuity products, including indexed annuities. Disclosure is an important consumer tool which should be used in conjunction with the NAIC Suitability in Annuity Transactions Model Regulation to ensure a suitable product is purchased. The Working Group will review the disclosure model to ensure that it supplements the suitability model in the best possible way.

2009 Charge

Review and consider changes to the Annuity Disclosure Model Regulation (#245) to improve the disclosure of information provided for annuity products, both generally and specifically, and to provide insurers uniform guidance in developing disclosure information and documents and monitoring distribution thereof in order to better inform annuity consumers about the annuity product purchased and how it works.
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Guaranty Fund Coverage Disclosure Notice

Draft of Revisions to the Annuity Disclosure Model Regulation
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Meeting Minutes
Minutes for the four most recent NAIC National Meetings are available free for meeting attendees using the User ID and Password supplied by the NAIC Meetings Department. Members may access minutes via StateNet. Non-attendees and those requiring minutes from previous meetings, may purchase the Proceedings of the NAIC through the NAIC Store.

If you do not know your User ID or password, please contact the NAIC Help Desk.

Fall 2009 National Meeting
September 21, 2009
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Comments on Annuity Illustrations

  1. ACLI Proposed Annuity Illustration v.2
  2. AAA revisions to ACLI Proposed Annuity Illustration v.2 9-14-09
  3. Alabama Comments 9-18-09
  4. Alabama Sample Illustration 10-21-09
  5. Alabama Illustrations Spreadsheet 10-21-09
  6. Alabama Illustration Options landscape 10-21-09
  7. AAA Annuity Illustration letter 11-6-09

Comments on Consumer Guides

  1. Buyer’s Guide to Fixed Indexed Annuities
    comment deadline 10-23-09
    1. Brenda Cude and Karrol Kitt comment memo 10-22-09
    2. Brenda Cude and Karrol Kitt revisions to Buyer’s Guide to Fixed Indexed Annuities 10-22-09
    3. Brenda Cude and Karrol Kitt proposed Table of Contents for Buyer’s Guide to Fixed Indexed Annuities 10-22-09
  2. Buyer’s Guide to Fixed Deferred Annuities
    comment deadline 11-6-09
    1. Brenda Cude and Karrol Kitt comment memo 11-5-09
    2. Brenda Cude and Karrol Kitt revisions to Buyer’s Guide to Fixed Deferred Annuities 11-5-09
    3. Brenda Cude and Karrol Kitt proposed Table of Contents for Buyer’s Guide to Fixed Deferred Annuities 11-5-09
    4. NAFA Fixed Indexed revisions
  3. Buyer’s Guide to Variable Annuities
    comment deadline 11-23-09
Image - Contacts
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.

Jennifer R. Cook
Senior Health Policy and Legislative Analyst and Counsel
(202) 471-3986
(816) 460-7483 (Fax)

Please see the current Committee List for a complete list of committee members.