ACLI: Pennsylvania Passes Annuity Sales Rules
January 4, 2022 by Targeted News Service
Legislation signed recently by Pennsylvania Governor Tom Wolf enhances protections for consumers seeking lifetime income from annuities. Pennsylvania is the 19th state to adopt a measure that implements the “best interest of consumer enhancements” in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. The new laws and regulations also align with the SEC’s Regulation Best Interest.
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Originally Posted at InsuranceNewsNet on December 27, 2021 by Targeted News Service.
Categories: Industry Articles