State Regulators Tackle The Toughest Part Of Its Annuity Sales Model
October 23, 2019 by John Hilton
State insurance regulators are getting to the fine details of a best-interest standard for annuities, and the parsing of words is destined to leave some unhappy.
The Annuity Suitability Working Group held another two-hour conference call Tuesday in an ongoing, furious bid to nail down language of an annuity sales model law. The group wants a model completed before the National Association of Insurance Commissioners’ fall meeting the first week of December.