NAIC Group Continues To Debate Annuity Sales Rule
October 23, 2018 by John Hilton
CHICAGO — The “best interest” concept was thought to be a settled issue for a state insurance commissioners’ working group struggling to create an annuity sales rule.
But it did not take long for the idea to return today at a special meeting of the Annuity Suitability Working Group. Led by Chairman Dean Cameron of Idaho, members are meeting for two days to conduct a line-by-line review of its annuity transactions model law.