DOL will run out of time if redraft still 'outstanding' by Jan. 20, 2017, and Republican candidate wins White House Because the Department of Labor must have its new fiduciary rule in place before Jan. 20, 2017, the day the new administration takes office, DOL will push to issue a final rule by May 2016, according to ERISA lawyer Steve Saxon. After the comment period expires July 21 on its reproposed rule to amend the definition of fiduciary under the Employee Retirement Inco

A National Association of Insurance Commissioners’ committee approved new indexed universal life illustration guidelines, which are expected to be approved by the full NAIC in a conference call later this month. All indications are that the guidelines will go into effect on Sept. 1 now that the NAIC Life Insurance and Annuities (A) Committee passed the rules on Wednesday during a conference call. The panel action reflected a sense of urgency conveyed by members of the Life an