Wednesday, January 16, 2008

 

Life Industry Welcomes FINRA Delay on Variable Annuity Rule

Life insurers and securities broker-dealers are looking favorably on the Financial Industry Regulatory Authority's recent decision to delay adoption of a new rule governing variable annuity sales, hoping the additional time might allow for tweaks to provisions dealing with principal review and suitability tests.

Life Industry Welcomes FINRA Delay on Variable Annuity Rule
Source: AM Best (subscription required)

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