IRI Asks Maine to Adopt Standard “Best Interest” Regs
January 13, 2021 by Allison Bell
Commenters from the Insured Retirement Institute (IRI) are asking the Maine Bureau of Insurance to make its version of the Suitability in Annuity Transactions model update as much like the standard version of possible.
The Maine bureau has proposed a state regulation that’s almost identical to the version developed by the National Association of Insurance Commissioners (NAIC). The bureau ended a public comment period for its version Friday.