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Iowa Proposes Best Interest Regulation for Annuity Sales
InsuranceNewsNet.com Link to more items from this source
Feb. 28, 2020

"Iowa's regulation follows a vote two weeks ago by the National Association of Insurance Commissioners (NAIC) to amend its model Suitability in Annuity Transactions Model Regulation.... Iowa Insurance Commissioner Doug Ommen, who is also the state's securities regulator, was a driving force behind the NAIC best-interest effort. Iowa is one of the first states to put forth annuity rules that harmonize with the NAIC model."

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