The Delaware Department of Insurance has announced a groundbreaking proposal that could significantly reshape the landscape of life insurance reserve financing in the state. The proposed Regulation 1004, aligning with the National Association of Insurance Commissioners (NAIC) Model Regulation #787, aims to introduce uniform, national standards for reserve financing arrangements related to life insurance policies with secondary guarantees. This move is poised to ensure a more secure and reliable insurance market, safeguarding the interests of policyholders and bolstering the industry's financial health. Understanding the Proposal Regulation 1004 focuses on establishing stringent standards for reserve financing arrangements, particularly for term[...]