State insurance commissioners draft annuity sales rule
October 27, 2018 by Mark Schoeff Jr.
State insurance regulators want to strengthen rules for annuity sales by requiring they be conducted with the consumer’s interest as the priority, rather than the insurance professional’s compensation.
Members of the National Association of Insurance Commissioners hammered out the latest draft of their annuity transactions suitability model regulation earlier this week in Chicago.
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Originally Posted at InvestmentNews on October 26, 2018 by Mark Schoeff Jr..
Categories: Industry Articles