Iowa The First State To Adopt Best-Interest Annuity Sales Rules
May 13, 2020 by John Hilton
The Iowa Insurance Division adopted a best interest rule applying a new standard to the sale of annuities and other insurance products.
The new rule is based on a best-interest model rule adopted by the National Association of Insurance Commissioners. It also follows requests to delay the adoption of the best interest standard on securities.
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Originally Posted at InsuranceNewsNet on May 12, 2020 by John Hilton.
Categories: Industry Articles