Life insurers buy or are purchased by other companies, merge with other insurers and/or enter into strategic alliances with other firms. The motivations for such affiliations can vary greatly. Sometimes the acquired stock is bought solely for investment purposes. The acquired company’s management continues to direct the operations of the company. In other situations, the basic purpose of affiliation may be to strengthen company operations and activities so as to be more efficient and profitable. The rapidly changing world of financial services has spurred insurers to undertake various corporate restructurings and transactions to enhance their competitive position by expanding into new product and/or geographical areas and to survive the challenges of new competitors entering into traditional insurance areas. But, whatever the reason(s), affiliations involving insurers can give rise to a host of regulatory concerns.