Details Of NAIFA, ACLI Complaint Against DOL Outlined

June 10, 2016 by Cyril Tuohy

Eight groups led by the American Council of Life Insurers and the National Association of Insurance and Financial Advisors filed suit on Wednesday to overturn the U.S. Department of Labor’s fiduciary rule.

ACLI and NAIFA, along with six separate NAIFA local associations based in Texas, named the DOL and Labor Secretary Thomas E. Perez in the complaint seeking to vacate the so-called Conflict of Interest rule.

The eight plaintiffs’ groups, filing in U.S. District Court for the Northern District of Texas, allege six separate counts: Click HERE to view the full article.

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Originally Posted at InsuranceNewsNet on June 9, 2016 by Cyril Tuohy.