Showdown Looms Over NY Push To Add Life Insurance To NAIC Rule
August 6, 2018 by John Hilton
BOSTON — New York and California officials previewed a looming showdown today by pushing for life insurance to be added to an annuity sales rule model law.
A National Association of Insurance Commissioners’ annuity working group is hashing out the details of a sales rule that will apply to annuities only. The group declared life insurance outside its charge during a May 31-June 1 meeting in Kansas City.
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