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Is the Suitability Standard Still Suitable?
InsuranceNewsNet.com
June 1, 2018
"The [NAIC] Annuity Suitability Working Group is ... [attempting] to finalize an annuity transactions model law to send to the states for adoption. On one side, liberal states such as New York and California were joined by consumer groups in arguing for tougher standards. The other side featured conservative states such as Iowa and Idaho and industry groups who say suitability is working well."
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