North Dakota Lawmakers Working on Annuity Best Interest Bill
January 27, 2021 by Allison Bell
North Dakota is one of the states moving toward adopting the National Association of Insurance Commissioners’ annuity sales standards model update.
The update includes a “best interest” standard that’s meant to be compatible with the U.S. Securities and Exchange Commission’s Regulation Best Interest. The provision requires annuity sellers to act in consumers’ best interest.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on January 22, 2021 by Allison Bell.
Categories: Industry Articles