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NAIC to Huddle on Contentious Best Interest Model Law
InsuranceNewsNet.com Link to more items from this source
Mar. 14, 2018
"The Annuity Suitability Working Group will discuss their next steps after a recent comment period on the regulation. Critics from both sides have panned the attempt to deliver a best-interest standard.... NAIC model laws must then be adopted by a state before they are applicable. Several states, however, are not waiting. New York, Nevada, New Jersey and Connecticut are a few states where the fiduciary, best-interest standard is winning votes."

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