West Coast Is an Annuity-Suitability Update Desert: NAIC Map

April 6, 2021 by Allison Bell

Texas may soon adopt an annuity sales standard update developed by the National Association of Insurance Commissioners.

But New York state has gone its own way, and, as of March 25, Illinois, Pennsylvania and the entire West Coast had no noteworthy adoption efforts in the pipeline. California, Oregon and Washington were sticking with the annuity suitability rules already in effect.

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Originally Posted at ThinkAdvisor on April 5, 2021 by Allison Bell.