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Life & Health News for December 3, 2010

LIMRA: VA Living Benefits Guarantees Still Common
The vast majority of U.S. consumers who bought individual variable annuities in the third quarter bought a contract together with a guaranteed living benefits feature…Read more

Fed Airs the Laundry
Many life insurers turned to the Federal Reserve Board for affordable financing while the recent credit crisis was raging…Read more


PPACA: Michigan Asks for Comments on MLR Adjustments
The Michigan Office of Financial and Insurance Regulation is asking for comments about how the new federal medical loss ratio rules might affect individual consumers, insurers and agents…Read more

AEGON to Drop U.S. BOLI, COLI Lines
AEGON N.V. says it will stop selling bank-owned life insurance and corporate-owned life insurance (BOLI-COLI) in the United States and close down its BOLI-COLI operations in Louisville, Ky…Read more

Wisconsin Life Settlement Rules Advance
A group formed by the Wisconsin Office of the Commissioner of Insurance has proposed rules that would require life insurers to tell insureds about a variety of alternatives to letting policies lapse…Read more

New York Calls for Settlement License Renewals
The New York State Insurance Department is reminding life settlement companies that they must file to renew their licenses by the end of the month…Read more


IRS Whips Out Advice
The Internal Revenue Service has posted a series of notices and revenue procedures on topics such as Roth conversions, nonqualified deferred compensation plans, and factors to be used in tax calculations…Read more

Kaiser: Let Sun Shine on Rate Filings
State health rate review programs might be better at preventing unreasonable increases if the public could see the rating filings, health policy watchers say…Read more

Help Wanted: International Insurance Regulator
The International Association of Insurance Supervisors is looking for a deputy secretary general…Read more

Editor's Blog: The Cost of Living Longer, Part II
Life insurers say they already are starting to fill the post-retirement health cost gap…Read more

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