Last Sunday, the Life Insurance and Annuities Committee met at the NAIC Fall Meeting in Austin, Texas. The agenda: strengthened suitability in annuity transactions model law.
According to a recent article from InsuranceNewsNet, the Annuity Suitability Working Group worked on the annuity sales model for a year and a half before voting to finalize it on November 5. At that point, the committee instructed the group to work out the kinks and report back. Now, the committee has adopted the text... Read More