Maryland Adopts NAIC’s Annuity Sales Standards
April 12, 2022 by Allison Bell
- Maryland has published the regulatory update in the Maryland Register.
- NAIFA has predicted that Wisconsin Gov. Tony Evers will sign that state’s bill soon.
- Hawaii also has a suitability update bill in the pipeline.
The Maryland Insurance Administration has completed adoption of the annuity sales standards developed by the National Association of Insurance Commissioners.
Maryland’s insurance regulators published their version of the annuity suitability rules update Friday in an official state regulatory gazette, the Maryland Register.