New Jersey becomes 50th state to adopt annuity best-interest rules
April 23, 2025 by John Hilton
New Jersey became the 50th state Monday to adopt a best-interest annuity sales standard.
Like nearly all of the other states, the New Jersey statute is based on a model regulation created by the National Association of Insurance Commissioners.
In February 2020, the NAIC adopted a best-interest standard requiring the following four obligations: care, disclosure, conflict of interest and documentation.
Originally Posted at InsuranceNewsNet on April 22, 2025 by John Hilton.
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