State Legislative Updates

UNCLAIMED LIFE INSURANCE BENEFITS LEGISLATION

Starting in 2012, states began enacting legislation modeled on the NCOIL Unclaimed Life Insurance Benefits law. Since July 2012, the Alliance has been tracking and reporting on this issue via Compliance Alerts.

Click here for a chart (as of 3/31/2014) that provides information regarding those states that have enacted Unclaimed Fraternal Benefits Laws, and those states where such legislation is pending. This chart will be updated periodically.

 

FRATERNAL RBC LEGISLATION
A number of states have begun to introduce legislation that would amend their RBC laws to apply to fraternals.

Click here for a chart (as of 10/15/2013) that provides information regarding those states that have enacted fraternal RBC Laws, and those states where such legislation is pending. This chart will be updated periodically.

 

OWN RISK AND SOLVENCY ASSESSMENT (ORSA)

The NAIC ORSA subgroup has been busy editing and updating the November 2011 edition of the ORSA Guidance Manual. The NAIC ORSA Subgroup webpage can be found here .

Click here for a chart (as of 4/25/14) that provides information regarding those states that have enacted ORSA Laws, and those states where such legislation is pending.  This chart will be updated periodically.