THE HOT LIFE INSURANCE ISSUES OF 2017 great lakes e-day

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Presentation transcript:

THE HOT LIFE INSURANCE ISSUES OF 2017 great lakes e-day May 18, 2017

Affordable Care Act Repeal and Replace FEDERAL Fiduciary Rule Dodd Frank Act Reform Tax Reform Affordable Care Act Repeal and Replace May 18, 2017

Principle-Based Reserving Long Term Care Insurer Insolvency STATE Unclaimed Property Cybersecurity Principle-Based Reserving Long Term Care Insurer Insolvency May 18, 2017

Fiduciary Rule for Retirement Products Federal Fiduciary Rule for Retirement Products “Suitable” vs. “in the best interest” Dept. of Labor rule in limbo ACLI: harmonized best interest standard of care NAIC’s Annuity Suitability Working Group May 18, 2017

Federal Insurance Office FSOC/non-bank SIFI designation Dodd Frank Act Reform Federal Insurance Office FSOC/non-bank SIFI designation Covered agreements May 18, 2017

Impacts on statutory accounting and actuarial standards Federal Tax Reform Protect what’s yours Impacts on statutory accounting and actuarial standards Affordable Care Act Repeal and Replace May 18, 2017

Life Insurance Policy Locator State Unclaimed Property Model laws: NCOIL, ULC NAIC activity Model law development Life Insurance Policy Locator May 18, 2017

State legislative activity Cybersecurity State legislative activity New York Dept. of Financial Services regulation NAIC activity Bill of Rights Model law development May 18, 2017

Principle-Based Reserving State legislative activity NAIC implementation Long Term Care Insurer Insolvency Penn Treaty May 18, 2017

Emerging Issue of 2017 Data analytics, innovation within the insurance regulatory framework May 18, 2017