NAIC Annuity Sales Rule Proposal Faces Showdown In Chicago

October 23, 2018 by John Hilton

The stakes will be high when Idaho Insurance Commissioner Dean Cameron gavels a special meeting Monday afternoon to continue work on an annuity sales model law.

A National Association of Insurance Commissioners’ working group is again meeting in person – this time in Chicago – in another bid to bridge a seemingly unbridgeable divide between conservative and liberal factions.

When the group last gathered – during the August NAIC Summer Meeting in Boston – New York officials pressed for a best-interest model law that includes life insurance as well as annuities.

Click HERE to read the full story via INN; subscription required. 

Originally Posted at InsuranceNewsNet on October 19, 2018 by John Hilton.