![]() The issue of creating a standard is considered important enough to delay adopting the standard so more work can be done on reaching an agreement that is acceptable to all parties. The subgroup is part of a the Interstate Compact National Standards (EX) working group of the National Association of Insurance Commissioners, Kansas City, Mo. Arkansas regulator Joe Musgrove was one of several regulators who expressed concern that a guaranteed benefit with floors could be meaningless guarantee. An annuity subgroup that is working to create uniform standards for annuity filings, particularly those with guarantees, focused part of its discussion on whether there should be floors in guaranteed benefits, particularly on negative resets in guaranteed minimum death benefits for deferred variable annuities. ![]()
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