For a while this summer, it seemed as if state regulators would have guidelines for regulating contingent deferred annuities (CDAs) in the works by now. But it turns out that the Life Insurance and Annuities (A) Committee of National Association of Insurance Commissioners, which has done much of the regulatory groundwork so far, still has decisions to make about next steps. The details are complicated, but the bottom line is some interested parties are at odds over certain proposals the committee has developed. Those parties have sent their concerns to the A Committee, so yet more deliberation is ahead. Some carriers are chomping at the bit, wanting to move forward with CDAs, so they are undoubtedly frustrated. But there you have it: CDA regulatory development has many twists and turns, so fast-tracking is not in the cards.