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American Council of Life Insurers

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The American Council of Life Insurers (ACLI) is a Washington, D.C.-based lobbying and trade group for the life insurance industry. ACLI represents 300 insurance companies that account for 90 percent of the U.S. life insurance industry's total assets. According to its website, ACLI represents "legal reserve life insurance companies and fraternal benefit societies operating in the United States before federal and state policymakers, insurance departments, and the courts."

Since 2010, former Governor of Idaho Dirk Kempthorne has served as the organization's president and chief executive officer. He succeeded former Oklahoma Governor Frank Keating, who led ACLI from 2002 through 2010.

Legislation

  • Insurance Capital Standards Clarification Act of 2014 (S. 2270; 113th Congress) - ACLI lobbied in favor of this bill, buying advertisements in several Washington, D.C. newspapers.[1] ACLI stated that "there is broad agreement on this position... The Obama administration, Democrats and Republicans in the House and the Senate, state and federal regulators and private industry all agree that life insurers should not be subject to capital standards more suited for the business of banking."[2]

References

  1. ^ Postal, Arthur D. (3 June 2014). "'Collins Amendment' to Get Expedited Treatment in Senate". Property Casualty 360. Retrieved 4 June 2014.
  2. ^ Postal, Arthur D. (3 June 2014). "Senate shoves through Collins Act". Life Health Pro. Retrieved 4 June 2014.
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