NAIC Annuity Sales Group Deeply Split Over ‘In-Force’ Issue
October 23, 2018 by John Hilton
CHICAGO — A fierce split on whether to extend annuity sales rules to in-force policies crippled a state insurance commissioners’ working group today.
The National Association of Insurance Commissioners’ Annuity Suitability Working Group is attempting to craft an annuity transactions model law to present to its parent committee at the NAIC Fall Meeting next month. Working group chairman Dean Cameron all but killed that notion with a somber mid-morning update.