An upcoming indexed annuities industry report may not be as relevant to current market conditions as the authors would like for it to be.
The Life Insurance and Annuities Committee at the National Association of Insurance Commissioners, Kansas City, Mo., has given that warning to the NAIC’s executive committee.
The committee agreed to adopt a report developed by the Indexed Annuities Working Group, part of the Life Insurance and Annuities Task Force, June 14, at the NAIC’s summer meeting in Minneapolis.
The NAIC plans to make the report available to the public sometime in the next few weeks.
The working group was supposed to survey insurers about indexed annuities sales and marketing practices.