Regulators Vow To Push Out Annuity Sales Model Law By December
August 6, 2019 by John Hilton
NEW YORK — State insurance regulators moved briskly through four topics Saturday as they try to thread the needle between suitability and fiduciary in crafting an annuity sales model law.
Annuity Suitability Working Group chairwoman Jillian Froment urged members to maintain that pace as she outlined a schedule to produce a draft model “by mid-September.”
That will be followed by “a very aggressive call schedule” to complete the annuity sales model by the National Association of Insurance Commissioners’ Fall Meeting in December, Froment added.
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