NAIC Declines to Act on Life Insurer Capital and Surplus Relief Proposals

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The National Association of Insurance Commissioners (NAIC) has denied the request the American Council of Life Insurers (ACLI), a life insurer trade association, to adopt proposals intended to provide capital and surplus relief to life insurers on their December 31, 2008, financial statements. (This issue as previously discussed in the January 6, 2009, edition of InsuranceLaw@Manatt.)

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