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    • SEC Official Gives Life Insurers a Best Interest Warning

    November 16, 2021 by Allison Bell

    An SEC commissioner appointed by former President Donald Trump has warned life insurers against assuming that they will be able to pay sales commissions to sellers of variable annuities.

    Allison Herren Lee told life insurance company lawyers recently that variable annuity issuers will have to comply with the SEC’s Regulation Best Interest, not just state annuity suitability rules.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on 11/15/2021 by Allison Bell.

    Categories: Industry Articles
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