Monthly LRA Update

  • TAX DEVELOPMENTS
    • IRS Private Letter Ruling on Policyholder Implications of Assumption Reinsurance Transaction
    • Tax Reform Framework Released
    • Senate Budget Committee Releases Fiscal Year 2018 Budget Resolution
  • REGULATORY DEVELOPMENTS
    • Comment Letter re BOLI Exclusion under Volcker Rule
    • Banking Regulators Propose Simplifications to the Capital Rules
  • JUDICIAL DEVELOPMENTS
    • Transamerica COI Litigation – Jury Awards Damages to Plaintiffs
    • Lincoln COI Litigation Update
  • OTHER DEVELOPMENTS
    • Senate Passes FSOC Insurance Member Continuity Act
    • FSOC Rescinds Non-Bank SIFI Designation of AIG
    • NJ Passes Law Requiring Life Insurers to Use Federal Death Master File to Identify Potential Matches