Synthetic GIC model draft changes sought

Connolly, Jim
September 1998
National Underwriter / Life & Health Financial Services;9/14/98, Vol. 102 Issue 37, p3
Reports that insurance companies are preparing a proposal to amend model regulation drafts on synthetic guaranteed investment contracts (GICs) in the United States. Concern about filing of the plan of operation in all states in which insurer offers contracts; Separate Accounts Funding Guaranteed Minimum Benefits Under Group Contracts regulation; Issue of insurers' ability to execute a contract quickly.


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