NAIC Regulators Move Annuity Sales Model Forward

December 11, 2019 by John Hilton

A key National Association of Insurance Commissioners’ committee put its tentative stamp of approval Sunday on strengthened suitability in annuity transactions model law.

The Life Insurance and Annuities Committee met Sunday morning in Austin, Texas at the NAIC Fall Meeting. The committee adopted the text of the annuity sales model, which adds a best-interest standard to all annuity sales.

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