Connecticut Passes ‘Best Interest’ Rule for Annuities

August 24, 2021 by Patrick Donachie

Connecticut passed a rule this week governing the recommendation and sales of annuity products within the state in a move that the American Council for Life Insurers (ACLI) called a “huge victory for consumers.” In doing so, Connecticut became the 16th to state to pass regulation or legislation based on a model rule by the National Association for Insurance Commissioners (NAIC).

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Originally Posted at Wealth Management on August 18, 2021 by Patrick Donachie.