Connecticut Insurance Commissioner Thomas Sullivan said he will not discuss requests The Hartford Financial Services Group said it submitted to seek relief from certain capital requirements.
In a conference call Friday, Hartford Chief Financial Officer Lizabeth H. Zlatkus said the company requested "AG39 relief from our year-end reserve calculation from the Connecticut Department of insurance."
AG39, according to Hartford spokesperson Shannon Lapierre, is a variable annuity cash flow test requirement.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
