We are a trade association of stock & mutual life and health insurance companies committed to preserving the voice of innovative life insurance companies. The NALC represents a wide range of insurance companies from very large to very small. However, the bulk of our constituency is smaller and medium size life companies. These companies are defined as those insurers with a capital and surplus of less than $500 Million.
The issues that face smaller companies today are often the same issues faced by larger companies. Legislation or regulation that represents a loss of profitability for a large company may threaten the very survival of smaller companies. These companies are vital links in the American economic system. It is from this perspective that we consider all issues that face our industry.
NAIC Committee Passes Best Interest Annuity Rules (Insurance News Net, 1/1/2020) The Life Insurance and Annuities (A) Committee approved the proposed annuity sales standard, which does not explicitly establish a fiduciary duty.
The issues that face smaller companies today are often the same issues faced by larger companies. Legislation or regulation that represents a loss of profitability for a large company may threaten the very survival of smaller companies. These companies are vital links in the American economic system. It is from this perspective that we consider all issues that face our industry.
NAIC Committee Passes Best Interest Annuity Rules (Insurance News Net, 1/1/2020) The Life Insurance and Annuities (A) Committee approved the proposed annuity sales standard, which does not explicitly establish a fiduciary duty.
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The National Alliance of Life Companies is a national trade association of small and mid-sized life and health insurance companies formed in 1992 because of concerns that existing trade associations would not adequately represent the interests of smaller companies.
The NALC is dedicated to providing a forum in which member companies can work with regulators and legislators to promote fair and effective regulation of the life and health insurance industry.
The issues that face smaller companies today are often the same issues faced by larger companies.
The NALC is dedicated to providing a forum in which member companies can work with regulators and legislators to promote fair and effective regulation of the life and health insurance industry.
The issues that face smaller companies today are often the same issues faced by larger companies.
As a member of the NALC, you become part of a network of small and mid-size life companies and associates, as well as professionals who provide services to these companies, such as law firms, actuaries, information technology, financial services, and other professionals who service the insurance industry.
This resource describes the benefits you will receive in addition to the results of NALC's regulatory advocacy efforts.
Maintenance of a regulatory and legislative climate that is fair to small companies in the states and at the National Association of Insurance Commissioners (NAIC);.
This resource describes the benefits you will receive in addition to the results of NALC's regulatory advocacy efforts.
Maintenance of a regulatory and legislative climate that is fair to small companies in the states and at the National Association of Insurance Commissioners (NAIC);.
The NALC is the best bargain in the insurance business and the most cost effective trade association in the industry.
If you are ready to join, please fill out the appropriate application below and mail it to us.
The PDF and Word versions of the applications can be filled out online and saved or printed.
Please mail completed applications with payment for dues to the NALC Home Office.
Regular members include any corporation, association, or society engaged in a life and/or health accident and health insurance business which is in good standing and qualified to do business in any state or territory of the United States or the District of Columbia which subscribes to be a member of the NALC.
If you are ready to join, please fill out the appropriate application below and mail it to us.
The PDF and Word versions of the applications can be filled out online and saved or printed.
Please mail completed applications with payment for dues to the NALC Home Office.
Regular members include any corporation, association, or society engaged in a life and/or health accident and health insurance business which is in good standing and qualified to do business in any state or territory of the United States or the District of Columbia which subscribes to be a member of the NALC.
States are the primary regulators of insurance markets in the United States.
In the past years, large multinational insurers and some federal officials have called for an optional federal regulator of insurance, stating that a single regulator would better allow for product review and approval, as well as establish consistent regulations across the United States.
Other insurers - and many state officials - have argued that preservation of state based regulation is essential to ensuring competition, keeping the costs of regulation low, better responding to the needs of consumers, and creating a fairer opportunity for smaller insurance companies to thrive.
In the past years, large multinational insurers and some federal officials have called for an optional federal regulator of insurance, stating that a single regulator would better allow for product review and approval, as well as establish consistent regulations across the United States.
Other insurers - and many state officials - have argued that preservation of state based regulation is essential to ensuring competition, keeping the costs of regulation low, better responding to the needs of consumers, and creating a fairer opportunity for smaller insurance companies to thrive.
This letter is submitted on behalf of the National Alliance of Life Companies (the NALC), an association of more than fifty (50) life and health insurers and associates with a focus on the concerns of small and mid-sized life and health insurers and their policyholders.
Many of our members play a significant role in the sale of pre-need and final expense insurance to address the needs of American families.
The NALC appreciates the opportunity to respond to the Life Insurance and Annuities (A) Committee's (the A Committee) request for comments on two questions concerning the work of the Life Illustrations Working Group (the Working Group).
Many of our members play a significant role in the sale of pre-need and final expense insurance to address the needs of American families.
The NALC appreciates the opportunity to respond to the Life Insurance and Annuities (A) Committee's (the A Committee) request for comments on two questions concerning the work of the Life Illustrations Working Group (the Working Group).
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