Monday, July 20, 2009

 

Texas mulls rule to enhance disclosures for annuities

The Texas Department of Insurance is mulling a regulation that would mandate disclosure for annuity buyers, but advisers are questioning how effective it would prove to be... Among the details that insurers would have to reveal to consumers is the initial crediting rate for the purchased annuity, as well as a list of a specific dollar amount or percentage regarding charges and fees...

Investment News: Texas mulls rule to enhance disclosures for annuities

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