The ACLI Letter to the CFA
I said I would write soon to the NAIC, the ACLI, the CEOs of a few of the companies to which the CFA had written, and a few other CEOs. I also said I would ask for their comments, and would post a follow-up report on the responses. However, I changed my mind when I received from the CFA a copy of a two-page letter it had received from Susan K. Neely, president and CEO of ACLI. The ACLI letter is here.
The CFA Reply to the ACLI Letter
Shortly thereafter, I received from the CFA a copy of its reply to the ACLI letter. The CFA reply to the ACLI letter is here.
I think the original CFA letter, the ACLI letter to the CFA, and the CFA reply to the ACLI letter together contain a great deal of food for thought. It will be interesting to see what, if anything, the NAIC does about the problem. I plan to report about significant further developments on the subject.