Alaska Updates Annuity Sales Standards

October 31, 2022 by Allison Bell

Alaska last week became the 29th state to adopt an annuity sales standard update developed by the National Association of Insurance Commissioners.

The state’s Division of Insurance will require insurance producers, and insurers selling annuities directly to consumers to act in the best interest of consumers when recommending annuities, as well as verifying that the recommendations are in the best interest of the consumer.

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Originally Posted at ThinkAdvisor on October 31, 2022 by Allison Bell.