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California Proposing Modest Annuity Reform (So of Course the Industry Is Freaking Out)
403bwise 
[Opinion] Apr. 25, 2023 "According to the authors ... SB 263 will protect consumers ... from potential abuse and exploitation ... by requiring producers to consider only the interests of the consumer in making a recommendation ... SB 263 will also ... [prohibit] insurance producers from receiving incentives beyond allowable commissions or fees (such as prizes, rent reimbursement, etc.) for their sales ... Rule of Thumb: The more the insurance industry freaks out about legislation the better it is for consumers." |
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