Lobbyists Work To Get States To ‘Quickly’ Adopt New Annuity Rules

February 19, 2020 by John Hilton

Now that the National Association of Insurance Commissioners has agreed on a “best interest” standard for annuity sales, the race begins to get the rules on the books in 50 states — or at least as many as possible.

The NAIC only passes model laws — the states either adopt them via legislation or by regulations. And it can be a very time-consuming process as each state has different priorities, different legislative sessions, and are as ideologically opposite as liberal California and conservative Alabama.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on February 17, 2020 by John Hilton.