info@independent.life
1-800-793-0848
Mosaic for iStructure
Have a life insurance policy insured prior to 2018?
 
HomeSearch

NAIC suitability

Industry News

An Analysis of the Revised NAIC Annuity Suitability Regulation

April 8, 2020by Patrick Hindert
The National Association of Insurance Commissioners (NAIC) has recently voted to update its Suitability in Annuity Transactions Model Regulation (Model Number 275). States can use NAIC Model Regulations when developing their own laws but have no requirement to do so. Many states previously enacted laws based upon the NAIC’s original 2010 Model Suitability Regulation and most states are expected to quickly amend their laws to correspond with the...
Structured SettlementsIndustry News

An Analysis of the Revised NAIC Annuity Suitability Regulation

April 8, 2020by Patrick Hindert
The National Association of Insurance Commissioners (NAIC) has recently voted to update its Suitability in Annuity Transactions Model Regulation (Model Number 275). States can use NAIC Model Regulations when developing their own laws but have no requirement to do so. Many states previously enacted laws based upon the NAIC’s original 2010 Model Suitability Regulation and most states are expected to quickly amend their laws to correspond with the...
Structured SettlementsIndustry News

Let’s Talk About: Suitability and Settlement Planning

January 25, 2021by Patrick Hindert
The Society of Settlement Planners (SSP) will host its virtual 2021 Annual Conference for February 23-25 and has already announced the session topics and most of the speakers. One session which should provoke considerable discussion is titled “Suitability and Settlement Planning.” It appears to reference language in SSP’s Practice Standard #9 within the Settlement Planning Practice Standards (Practice Standards)...
Settlement PlanningStructured Attorney FeesStructured Settlements

Plaintiff Attorneys and Structured Settlements – Structured Settlements in Transition: Reframing the Term in Modern Settlement Planning

March 30, 2026by Patrick Hindert
“It is impossible for a person to begin to learn what he thinks he already knows.” – Epictetus Introduction That observation is particularly relevant to the modern use of the term “structured settlement.” The term is widely used in personal injury practice. Attorneys encounter it in mediation discussions, settlement agreements, tax analyses, Medicare Set-Aside planning,...
Company NewsIndustry NewsResourcesStructured Settlements

Structured Settlements and Periodic Payment Judgments – Release 74

November 27, 2023by Patrick Hindert
First published in 1986, Release 74 for “Structured Settlements and Periodic Payment Judgments”  will be made available to subscribers this month by publisher Law Journal Press. Online subscribers will receive their update simultaneously with no additional subscription charge. “Structured Settlements and Periodic Payment Judgments” (herein sometimes referred to as “the book”) consists of 16 chapters...
Structured SettlementsSettlement Planning

Structured Settlements and the “Best Interest” Standard

July 14, 2023by Patrick Hindert
Should structured settlement and settlement planning professionals be required to act, or hold themselves accountable to act, in the “best interest” of a personal injury settlement recipient when making a structured settlement recommendation? And what would, or should, define “best interest” in that context? Best Interest Applied to Secondary Market Transfers “Best interest” is a...
Company NewsIndustry News

Achieving and Sustaining Structured Settlement Growth

January 19, 2023by Patrick Hindert
Premium Success in 2022 Propelled by record fourth quarter production exceeding $2 billion of annuity premium, which surprised many industry participants including this writer, 2022 structured settlement annuity production currently is estimated to have exceeded $6 billion. Congratulations to structured settlement professionals, annuity providers and other industry stakeholders who contributed to this success! As an...

Older Posts

Turbocharge your firm with our free resources

    Subscribe to our Newsletter

      Any discussion of taxes herein is for general informational purposes only and does not purport to be complete or cover every situation. Independent Life, its affiliates, its distributors, and its and their respective representatives do not provide tax, accounting, or legal advice. You should confer with your qualified legal, tax and accounting advisors based on your particular circumstances. All guarantees are obligations of Independent Life Insurance Company.