NAIC Group Takes Another Swing At An Annuity Standard

June 1, 2018 by John Hilton

KANSAS CITY — The National Association of Insurance Commissioners’ working group continues work Friday to have a annuity transactions model law ready to present to the full association by its summer meeting.

It is an ambitious schedule, working group chair Dean Cameron told members Thursday. Then there’s the Securities and Exchange Commission’s Regulation Best Interest, which NAIC members are watching intently.

“We are on sort of parallel tracks with the SEC,” Cameron said. “We can see each other out of our peripheral vision and it’s important that we keep going. … Ideally, we will have something to collaborate with them.”

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Originally Posted at InsuranceNewsNet on May 31, 2018 by John Hilton.