Big I Criticizes NAIC Draft on Best Interest Conduct Standard for Annuities Transactions
February 14, 2018 by Best's News Service
The Independent Insurance Agents and Brokers of America opposes proposed changes made by a National Association of Insurance Commissioners’ draft to the group’s annuity suitability model, which would include a best interest standard of conduct for annuities transactions, arguing it would cause market uncertainty and increased costs.
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Originally Posted at AM Best on February 12, 2018 by Best's News Service.
Categories: Industry Articles