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Ours is a regulated environment that is changing rapidly. Financial institutions, products and services are subject to oversight of statutory jurisdictions, rating agencies and securities regulators. Practitioners in these settings are subject to statutory and professional oversight.
Further, as pace of innovation and press of competition force change in regulatory framework, the result is greater independence for institutions and practitioners, more blurring of lines separating insurance and securities, and increased reliance on providers of products and services for compliance with standards of practice and financial reporting.
ASI provides clients with a unique combination of marketplace awareness and compliance expertise. We work with your team to create and implement solutions to regulatory and compliance challenges. Our compliance plan design and regulatory risk management services include:
- Policy Forms for
- Life
- Annuity
- Long Term Care
Actuarial Strategies frequently develops contract forms and develops filing packages for offerings it develops on behalf of clients. We also support companies when the sole insurer need is assistance with filing issues, especially in what are known as difficult states.
- Non-forfeiture Compliance
Support of Regulation CCC, which requires new nonforfeiture compliance.
- IRC 7702, 7702A, 7702B, 72
Actuarial Strategies has exceptional expertise and experience in the area of policyholder tax consulting issues. These include definitional compliance and compliance with qualified long term care insurance (QLTCI) requirements. Actuarial Strategies works closely with prominent tax counsel when needed. A key recent initiative is to define the minimum amounts of risk needed to comply with federal requirements for QLTCI riders to annuities.
For more information, e-mail us with your name, title and company name.
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Regulatory