Washington, D.C., (September 16, 2013)—American Council of Life Insurers (ACLI) President and CEO Dirk Kempthorne sent a letter to state insurance commissioners on Actuarial Guideline (A.G.) 38 and principle-based reserves (PBR).

The September 12 letter was in response to comments from New York Department of Financial Services Superintendent Benjamin Lawsky on A.G. 38 and PBR.

Read Dirk Kempthorne’s letter. (PDF)

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with more than 300 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing more than 90 percent of industry assets and premiums. Learn more at www.acli.com.