Kentucky Annuity Suitability Measure Hits Turbulence

February 24, 2021 by Allison Bell

The Insured Retirement Institute (IRI) is asking the Kentucky Department of Insurance to put the term “best interest” back into a proposed annuity sales standards regulation update.

The Kentucky department is working to adopt a Suitability in Annuity Transactions Model Regulation update that was developed and approved by the National Association of Insurance Commissioners (NAIC), the same organization that developed the original model.

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Originally Posted at ThinkAdvisor on February 19, 2021 by Allison Bell.