The association calls the current regulatory framework outdated and suggests licensed distribution firms are made responsible for overseeing advisors
The proposed changes are due mostly to the planned introduction of the Life Insurance Capital Adequacy Test for life insurers in 2018
The ICBC, AMF and ICS are considering key changes to supervisory and oversight rules, CE requirements, use of titles and licensing
Carriers had to provide a wide range of information on the business they conducted during the previous calendar year by May 1
Regulators are creating a risk-based capital standard for global insurers, but there’s no deadline for the adoption of a capital standard
Guideline takes effect on Jan. 1, 2016
CCIR framework intended to support and implement more collaborative and co-operative supervisory activities
Jim Ruta, president, AdvisorCraft Media and Consulting, explains his view that life insurance is a distinct product offering that is already heavily regulated, and therefore new regulations are not required.