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    • Regulators issue draft guidance to test compliance with annuity rules

    October 1, 2024 by John Hilton

    A state regulator group is circulating draft guidance on compliance expectations for its best interest standard for annuity sales.

    The National Association of Insurance Commissioners adopted the Suitability in Annuity Transactions Model Regulation #275 update in 2020 to strengthen state regulation over annuity sales. It is also a reaction to ongoing federal Department of Labor efforts to extend blanket fiduciary status to insurance producers selling annuities.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on September 26, 2024 by John Hilton.

    Categories: Industry Articles
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