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