NAIC Group Debates Trips, Incentives In Annuity Sales Model

October 23, 2018 by John Hilton

CHICAGO — A line on “noncash compensation” led to an extended back-and-forth discussion on agent conduct as state insurance commissioners try to finalize an annuity sales model.

A National Association of Insurance Commissioners’ working group meets again today and is on track to present a completed annuity sales model law to its parent committee. That would take place during the NAIC Fall Meeting Nov. 15-18 in San Francisco.

The extended discussion regarded a line requiring disclosure of any noncash compensation that exceeds $500 per year.

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Originally Posted at InsuranceNewsNet on October 23, 2018 by John Hilton.