States may strengthen rules for selling annuities

December 5, 2017 by Mark Schoeff Jr.

State insurance commissioners this weekend will consider a draft proposal to strengthen the rules for selling annuities, an effort to put the marketing of the products more in line with the trend toward heightened investment advice standards.

But a supporter of the Labor Department’s fiduciary rule said the insurance regulators’ initial attempt falls short of the DOL measure’s conflicts-of-interest protections.

A National Association of Insurance Commissioners committee will consider the proposal Dec. 3 at the NAIC meeting in Honolulu. 

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Originally Posted at InvestmentNews on November 30, 2017 by Mark Schoeff Jr..