News & Analysis as of

Life Insurance Insurance Industry Variable Insurance

Locke Lord LLP

PHL Variable Insurance Company in ‎Rehabilitation At A Glance

Locke Lord LLP on

On Friday, May 17, 2024, Connecticut Insurance Commissioner Mais filed a Petition for Rehabilitation and Appointment of the Commissioner as Rehabilitator of PHL Variable Insurance Company ("PHL"), a Connecticut domestic stock...more

Locke Lord LLP

Colorado Exposes Draft Life Insurance ‎AI Data Testing Regulations for Unfair ‎Discrimination

Locke Lord LLP on

On September 27, 2023, the Colorado Division of Insurance (the “Division”) exposed a new proposed regulation entitled “Concerning Quantitative Testing of External Consumer Data and Information Sources, Algorithms, and...more

Carlton Fields

New “Buffered” VA and VLI Investment Options: Will Compete With Index-Linked Options

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At least two insurance companies are adding “buffered” investment portfolios to the lineup of underlying funds that are available to support their variable annuity and variable life insurance policies....more

Eversheds Sutherland (US) LLP

SEC adopts groundbreaking disclosure improvements for variable insurance contracts 

On March 11, 2020, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a new prospectus disclosure framework, including new rules, rule amendments and registration statement form amendments, for...more

Eversheds Sutherland (US) LLP

SEC proposes new variable contract disclosure regime

The US Securities and Exchange Commission (SEC or Commission) recently proposed a new disclosure framework for SEC-registered variable annuity contracts and variable life insurance policies (together, variable contracts) that...more

Carlton Fields

SEC ‘Investor Experience Initiative’ Expressly Includes Variable Insurance Products

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The SEC, on June 5, announced that it would be exploring “modernization of the design, delivery and content of fund disclosures” in order “to improve the investor experience and help investors make more informed investment...more

Carlton Fields

SEC Targets Variable Insurance Products

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Once again, the SEC’s Office of Compliance Inspections and Examinations (OCIE) has made variable insurance products an exam priority....more

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