Idaho Finalizes Best Interest Rule for Annuity Sales
March 30, 2021 by Alex Padalka
Idaho has become the latest state to adopt a best interest rule on the sale of annuities.
House Bill 79, as it’s known, was signed by Republican Governor Brad Little earlier this month, according to the Idaho State Legislature. The rule requires brokers, investment advisors and other financial professionals to put consumers’ interests first when recommending annuities.