What the Heck Is a ‘Financial Instrument’: Annuity Model Commenter
August 1, 2019 by Allison Bell
Teams of state insurance regulators will be working on annuity sales standards and annuity disclosure projects in New York this weekend, at the National Association of Insurance Commissioners’ summer meeting.
The Center for Economic Justice — an Austin, Texas-based organization that seeks to speak up for consumers’ interests in NAIC proceedings — says it continues to have concerns about both projects.
The NAIC is a group for state insurance regulators. The NAIC does not have the direct authority to change state insurance laws or regulations, but states often start with NAIC models, or examples, when drafting their own laws, regulations or procedural rules.
Click HERE to read the full article via ThinkAdvisor.