2022 Archives - MB Schoen & Associates

January 2022

TAX DEVELOPMENTS
- IRS Final Guidance on Transition from LIBOR to Other Reference Rates
- IRS Notice 2022-06 – Determination of Substantially Equal Periodic Payments
REGULATORY DEVELOPMENTS
- SEC Reopens Comment Period on Executive Compensation Proposal
JUDICIAL DEVELOPMENTS
- Court Provides Preliminary Approval of Class Action Settlement in John Hancock COI Litigation
OTHER DEVELOPMENTS
- Society of Actuaries Release U.S. Population Mortality Observations
- Columbian Mutual Life Settlement with NY DFS for Failing to Pay Unclaimed Proceeds
- FRB Invites Public Comment on Proposed Guidance for Supervision of Certain Insurance Organizations Overseen by the Board

REGULATORY DEVELOPMENTS
- SEC Proposes Cybersecurity Rules for Investment Advisers
OTHER DEVELOPMENTS
- Russian Economic Sanctions Imposed

TAX DEVELOPMENTS
- Biden Administration Releases Fiscal Year 2023 Budget Proposal
JUDICIAL DEVELOPMENTS
- Leonard v. John Hancock – Attorneys’ Fees Awarded in COI Litigation
LEGISLATIVE DEVELOPMENTS
- Utah Passes Consumer Privacy Law

JUDICIAL DEVELOPMENTS
- Athene v. American General, et al. – COLI SVP Product Dispute
REGULATORY DEVELOPMENTS
- Financial Industry Associations Request Review of SA-CCR
TAX DEVELOPMENTS
- Treasury Greenbook Released

ACCOUNTING DEVELOPMENT
- Mortality Tables for Determining Present Value Under Defined Benefit Pension Plans

LEGISLATIVE DEVELOPMENTS
- Inflation Reduction Act of 2022
REGULATORY DEVELOPMENTS
- FRB Regulation O FAQ – Split Dollar Life Insurance Arrangements

LEGISLATIVE DEVELOPMENTS
- Inflation Reduction Act of 2022
- California Legislature Passes Unclaimed Property Voluntary Compliance Program
OTHER DEVELOPMENTS
- Senate Finance Committee to Investigate Private Placement Life Insurance
- NAIC Adopts Regulatory Considerations Applicable to Private Equity-Owned Insurers

REGULATORY DEVELOPMENTS
- Banking Regulators Reaffirm Commitment to Basel III Standards
JUDICIAL DEVELOPMENTS
- Davydov (Et Al.) v. John Hancock – COI Litigation Update
OTHER DEVELOPMENTS
- Senate Finance Committee Continues Investigation into PPLI

REGULATORY DEVELOPMENTS
- FRB and FDIC Proposed Rule for Large Bank Resolution Requirements
- SEC Adopts Final Clawback Rules
- Federal Reserve Framework for Supervision of Insurance Organizations
JUDICIAL DEVELOPMENTS
- Davydov (Et Al.) v. John Hancock – COI Litigation Update
TAX DEVELOPMENTS
- IRS Notice 2022-55 – Qualified Retirement Plan Cost of Living Adjustments

INSURANCE DEVELOPMENTS
- ACLI Update on Life Insurance and Annuity Benefits in 2021

LEGISLATIVE DEVELOPMENTS
- Consolidated Appropriations Act Enacted
TAX DEVELOPMENTS
- IRS Notice 2023-7 – Initial Guidance Regarding Corporate Alternative Minimum Tax
JUDICIAL DEVELOPMENTS
- Athene v. American General, et al. – COLI SVP Dispute Settled
OTHER DEVELOPMENTS
- BCBS Evaluation of the Impact of Basel III Reforms