California Gov. Newsom signs best-interest annuity sales bill
March 5, 2024 by John Hilton
California Gov. Gavin Newsom gave industry trade groups a big win Thursday by signing a best-interest annuity sales bill into law.
California becomes the 45th state to pass the best-interest model, based on a framework put forth by the National Association of Insurance Commissioners. In addition to being one of the largest economies in the world, California is a liberal state known for its tougher regulations.
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Originally Posted at InsuranceNewsNet on March 1, 2024 by John Hilton.
Categories: Industry Articles