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    • NAIC ‘greatly disappointed’ in DOL diss of state annuity sales rules

    January 3, 2024 by John Hilton

    The National Association of Insurance Commissioners reminded federal officials that the states are regulating annuity sales just fine and the Department of Labor should butt out.

    In a letter sent last week, the NAIC took the rare step of commenting on federal rulemaking. The DOL’s controversial Definition of an Investment Advice Fiduciary rule essentially extends fiduciary status to every rollover transaction.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on December 27, 2023 by John Hilton.

    Categories: Industry Articles
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