Kentucky, Mississippi Adopt Best Interest Annuity Rules

November 23, 2021 by Patrick Donachie

Kentucky and Mississippi are the latest states to pass rules governing the recommendation of annuities, becoming the 17th and 18th states, respectively, to adopt rules based on the National Association of Insurance Commissioners’ (NAIC) model rule meant to align states’ annuity regulations with the Securities and Exchange Commission’s Regulation Best Interest. Kentucky recently passed its rule, according to the American Council of Life Insurers (ACLI), while Mississippi’s rule takes effect Jan. 1.

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