Washington, D.C., (October 19, 2011) – The American Council of Life Insurers (ACLI) filed today its comments with the Life Actuarial Task Force (LATF) of the National Association of Insurance Commissioners (NAIC) on Actuarial Guideline 38.

In its summary, ACLI notes that LATF’s September 9, 2011 statement on AG 38 “is anything but clear” and asks that LATF not adopt the measure.

Download ACLI's comments (PDF).

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with more than 300 legal reserve life insurer and fraternal benefit society member companies operating in the United States. ACLI members represent more than 90 percent of the assets and premiums of the life insurance and annuity industry. In addition to life insurance and annuities, ACLI member companies offer pensions, 401(k) and other retirement plans, long-term care and disability income insurance, and reinsurance. ACLI's public Web site can be accessed at www.acli.com.