New Jersey Becomes 50th State to Adopt Annuity Best-Interest Sales Standard
April 23, 2025 by Allison Bell
The annuity industry has persuaded all 50 states to update their annuity sales standards.
The New Jersey Department of Banking and Insurance approved an annuity sales regulation Monday that’s based on a model update developed by the National Association of Insurance Commissioners. The NAIC tried to design its model update to complement the U.S. Securities and Exchange Commission’s Regulation Best Interest requirements.
Originally Posted at Think Advisor on April 22, 2025 by Allison Bell.
Categories: Industry Articles
