Regulators: Hold Insurers Accountable For Annuity Sales Incentives

July 30, 2019 by John Hilton

An insurance commissioners’ working group wants to hold insurers to a greater responsibility for agent compensation standards for annuity sales.

The Annuity Suitability Working Group is working through five questions in a bid to finalize an annuity sales model law that regulators have been working on for more than a year. On a Tuesday conference call, members debated Question 1:

What constitutes a material conflict of interest when recommending annuities?

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Originally Posted at InsuranceNewsNet on July 24, 2019 by John Hilton.