Friday, March 05, 2010

 

NAIC Looks into Stranger Owned Annuities

The National Association of Insurance Commissioners (NAIC) today announced plans to hold a public hearing on the emergence of Stranger Originated/Owned Annuities.

The hearing will focus on the suspect practice of targeting seniors and terminally ill patients by inducing them to purchase an annuity largely for the benefit of investors or intermediaries...

INN: NAIC Looks into Stranger Owned Annuities

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