Description: State insurance department actuary, who also is on two committees of the National Association of Insurance Commissioners [NAIC], discusses current NAIC activities regarding nonforfeiture, sales illustrations, and replacements for life products and sales illustrations for annuities, as well as equity-indexed annuities [EIAs]. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This session at the SOA 1998 Maui I Spring Meeting presents an overview of equity-indexed product features and discusses related regulatory issues with respect to illustrations, nonforfeiture benefits and reserving.