NAIC to Examine DOL’s Proposed IRA Annuity Rules

July 9, 2015 by Arthur Postal

The National Association of Insurance Commissioners is not sure how the Department of Labor’s proposed fiduciary rule would affect insurance markets but NAIC officials said they are talking with the Obama administration to find out.

The NAIC said in a statement that it is engaging the DOL and the Obama administration “to further discuss and understand how they would work from an insurance perspective and any potential implications they may have on insurance companies and the products they offer.”

The NAIC added, “We are continuing to discuss the rule and to have conversations with DOL and affected stakeholders to understand and analyze possible implications.” Click here to read…

Originally Posted at InsuranceNewsNet on July 8, 2015 by Arthur Postal.