Comment from Jackson National Life Insurance Company
Jackson National Life Insurance CompanyOpposeBusiness
Summary: Jackson National Life Insurance Company opposes the proposed bifurcation of accounting principle change amounts for pre-2020 taxable years under Prop. Reg. §1.56A-17. The company argues that this bifurcation is impractical to calculate, inconsistent with statutory language, and would create the very duplications or omissions the regulation intends to prevent.
Jackson's comments on Prop. Reg. §1.56A-17 addressing AFSI adjustments to prevent certain duplications or omissions.