New Year, New Duties in the Sale of Annuities
December 30, 2020 by Carlton Fields
It looks as if 2021 will be a busy year as states move to implement the NAIC 2020 revisions to the Suitability in Annuity Transactions Model Regulation (Model 275), or other duty of care measures. The below chart outlines the actual or proposed state activity, its status, and notable items insurers need to consider. As 2021 continues, more states are expected to revise their standard of conduct requirements.
Click HERE to read the full story via JD Supra
Originally Posted at JD Supra on December 16, 2020 by Carlton Fields.
Categories: Industry Articles