Why the Ohio National Annuity Legal Debacle May Resolve Faster Than You Think

January 16, 2019 by Miriam Rozen

If a prediction made by Next Financial’s outside lawyer proves accurate, the rash of lawsuits filed against Ohio National Financial will be resolved quickly.

Since November 1, 2018, broker-dealers and advisors, including Next Financial, have filed at least nine lawsuits against the insurer, alleging Ohio National violated its contractual obligations with its unexpected decision to stop paying trailing commissions on its variable annuity contracts.

“I don’t think we need a lot of discovery. I think the court can do it from a contract construction. 

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Originally Posted at Financial Advisor IQ on January 15, 2019 by Miriam Rozen.