NAIC Finding Little Support for Best-Interest Annuity Model
February 14, 2018 by John Hilton
The National Association of Insurance Commissioners’ draft best-interest model law for annuity transactions is at the center of a fierce debate in the insurance world.
The NAIC Annuity Suitability Working Group accomplished a significant goal in 2017 by completing its Annuity Transactions Model Regulation. The regulation is seen as a bid to transition annuity sales to a suitability standard that includes a stronger, consumer-focused component.
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Originally Posted at InsuranceNewsNet on February 14, 2018 by John Hilton.
Categories: Industry Articles