How Do DOL Rules Impact Insurance Producers?

February 24, 2021 by H.L. Vogel

To the surprise of many, the Department of Labor allowed the previous administration’s final fiduciary advice regulation, officially titled Prohibited Transaction Exemption 2020-02, to go into effect on Feb. 16. The focus of PTE 2020-02 is on broker-dealers and registered investment advisors, but how does this turn of events impact insurance producers?

Does PTE 2020-02 Matter For Insurance Sales?

This new PTE, in itself, probably has little impact on annuity and certain life insurance sales. 

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Originally Posted at InsuranceNewsNet on February 22, 2021 by H.L. Vogel.