Thursday, September 24, 2009
Plan for New Annuity Model Continues at NAIC
A National Association of Insurance Commissioners working group will continue consideration of a new model act on annuity sales suitability following comments from insurers and others that questioned the need for a new measure.
Wisconsin Insurance Commissioner Sean Dilweg said the current Suitability in Annuity Transactions Model Regulation, adopted in 2006, should be revised to match regulatory and marketplace changes. Among other changes, the revised draft would tighten rules on agent training and more tightly hold insurance companies accountable...
INN: Plan for New Annuity Model Continues at NAIC
Wisconsin Insurance Commissioner Sean Dilweg said the current Suitability in Annuity Transactions Model Regulation, adopted in 2006, should be revised to match regulatory and marketplace changes. Among other changes, the revised draft would tighten rules on agent training and more tightly hold insurance companies accountable...
INN: Plan for New Annuity Model Continues at NAIC
Permalink posted by markw @ 7:14 AM 
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