Regulators Strive To Fit Annuity Sales Reg Into Dodd-Frank Framework

October 16, 2019 by John Hilton

State regulators crafting new annuity sales rules hit a snag Tuesday and called on the lawyers to make sure state supervision of indexed annuities is preserved.

The Annuity Suitability Working Group is holding two-hour conference calls in a bid to finally complete the model law before the National Association of Insurance Commissioners’ fall meeting in December.

Regulators were going over a draft section by section when they reached a drafting note indicating that a new annuity sales model law will replace the existing regulation where it is mentioned in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

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Originally Posted at InsuranceNewsNet on October 9, 2019 by John Hilton.