Public Policy Issues
Best Interest Standard: ACLI encourages the SEC, state insurance regulators, the Labor Department, the Financial Industry Regulatory Authority and Congress to work collaboratively on a uniform best interest standard of care for financial professionals. [Read more.]
Captive Insurance Companies: Life insurers may establish captive reinsurers to manage risks effectively. [Read more.]
Capital Standards: ACLI urges communication among regulators and the utilization of existing regulatory tools in any measurement of life insurer capital, notably insurance RBC standards. [Read more.]
Cybersecurity and Privacy: Federal and state privacy laws provide a rigorous regulatory framework that enhances life insurers’ commitment to protecting the confidentiality, as well as the security, of customers’ personal information. [Read more.]
Employee Benefits: Life insurers are the leading providers of products and services for employer-sponsored benefit packages. [Read more.]
FSOC Reform: FSOC’s authority to designate non-bank financial companies as systemically significant should be repealed. [Read more]
International Trade: International business operations are important to the success of many U.S. life insurers today and will continue to be as the global business environment evolves.
Pension De-risking: Today, many companies—both large and small—are struggling to meet the growing demands of defined benefit/pension plan obligations.
Retirement Plans: Life insurers are among the leading providers of products and services to defined benefit and defined contribution plans.
Supplemental Benefits: Supplemental benefit products, provided through employers or offered on an individual basis, are key to the financial security of many families across the nation. [Read more.]
Taxes: The current tax treatment of life insurance and annuities has encouraged generations of Americans to protect their financial futures.
Recent Public Policy Activity
ACLI endorses reintroduced Retirement Enhancement and Savings Act, 02/06/2019
ACLI statement on U.S./U.K. covered agreement, 12/12/2018
ACLI letter of support for the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act, 05/31/2018
ACLI and other trades' letter of support for H.R. 3746, the Business of Insurance Regulatory Reform Act of 2017, 01/17/2018
ACLI commends Treasury Secretary Steven Mnuchin and the Treasury Department for the report on the asset management and insurance industries, 10/27/2017
Michael C. Sapnar of Transatlantic Reinsurance Company testifies on behalf of joint trades at Senate Banking Committee hearing examining U.S.-EU Covered Agreement, 05/02/2017
ACLI joins trade organizations requesting the covered agreement be signed, 04/13/2017
ACLI urges changes to Financial Stability Oversight Council designations and support for Covered Agreement in letter to Senate Banking Committee, 04/12/2017
ACLI Statement for the Record - House Financial Services Committee Subcommittee on Oversight and Investigation hearing, 03/28/2017
ACLI letter to DOL regarding proposal to extend applicability date of fiduciary rule, 03/13/2017