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Optional Federal Charter
 
Overview

Bringing efficiency and modernization to the insurance regulatory system continues to be a top priority for life insurers. The current state-based system is characterized by inefficiencies and a lack of uniformity among the states that have resulted in administrative burdens for companies and sellers, higher costs, and inconsistent safeguards and product offerings for consumers.
ACLI Position

Life insurers support strong regulation--it benefits consumers, companies and producers alike. In promoting uniformity and strong, nationwide consumer protections, ACLI supports an optional federal charter for life insurers that is at least as strong as the best of the state system of regulation.

 


 
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News Release: "SAVE" Act Introduced in the House
 Posted 3/5/2010. In a letter to Rep. Ron Kind (D-WI), ACLI President and CEO Frank Keating lauded the Congressman for reintroducing the Small Businesses Add Value for Employees (“SAVE”) Act.

News Release: ACLI Responds to Administration's Proposed Annuity Tax
 Posted 2/24/2010. ACLI President and CEO Frank Keating sent a letter today to Secretary of the Treasury Tim Geithner that expressed serious concerns about an Administration proposal to apply a 2.9 percent tax on annuity income.

News Release: ACLI Supports "America Saves Week"
 Posted 2/22/2010. The state of the nation's economy provides firm evidence of the importance of making retirement savings a central feature part of a financial plan. That is the message of America Saves Week 2010, scheduled for this week.

News Release: Life Insurance Industry Reacts to President's 2011 Budget Proposal
 Posted 2/2/2010. AALU/ACLI/GAMA/NAIFA/NAIBA Joint Release - The life insurance industry is deeply concerned about provisions in the president’s proposed 2011 budget that amount to new taxes on products that provide security and peace of mind.

News Release: ACLI Comments on President's Budget Proposal
 Posted 2/1/2010. ACLI President and CEO Frank Keating issued the following statement today in response to provisions in President Obama’s 2011 budget proposal affecting life insurance policyholders and companies.

News Release: ACLI Statement on Information Request on Annuitization by Treasury and DOL
 Posted 2/1/2010. Frank Keating, president and CEO of the ACLI, issued the following statement regarding the request for information on annuities released today by the Department of Treasury and Department of Labor.

News Release: ACLI Lauds Administration for Plans to Help Americans Secure Their Retirements
 Posted 1/25/2010. ACLI President and CEO Frank Keating issued the following statement in response to retirement security initiatives announced today by the White House as part of its broader plan to aid middle-class Americans.

The Value of Annuities
 Posted 1/22/2010. A power point briefing on annuities to the Texas Department of Insurance staff and other interested parties.

Issue Brief: Annuities: Creating Guaranteed Income for Life
 Posted 1/22/2010. This brief, produced in coordination with AALU, GAMA International, NAIFA, and NAILBA, highlights the important role of annuities in retirement and the strong public policy behind their tax treatment.

Issue Brief: Lifetime Income Disclosure Act
 Posted 1/20/2010. This issue brief outlines ACLI's support for the Lifetime Income Disclosure Act (S. 2832), which would amend ERISA to require plan sponsors to provide participants with information about how retirement account balances translate into guaranteed monthly income.

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