Regulators consider guideline to best-interest rule to address ‘deficiencies’
March 25, 2024 by John Hilton
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
Iowa Insurance Commissioner Doug Ommen discussed the reviews and coming guidance at the Life Insurance and Annuities Committee meeting Sunday. The committee met during the National Association of Insurance Commissioners’ spring meeting in Phoenix.
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Originally Posted at InsuranceNewsNet on March 21, 2024 by John Hilton.
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