NAIC Regulators Debate Extending Annuity Sales Rule To In-Force Policies

September 17, 2019 by John Hilton

State regulators returned to a potential land mine today in debating whether in-force policies will be covered under any annuity sales model law sent to the states for adoption.

The Annuity Suitability Working Group held its first two-hour call in a speeded-up timeline designed to finally complete the model law. The group wants to present the model to the A Committee during the National Association of Insurance Commissioners’ fall meeting in December.

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Originally Posted at InsuranceNewsNet on September 17, 2019 by John Hilton.