This week the North Dakota House Industry, Business and Labor Committee unanimously approved H.B. 1160, a bill that tracks with the “best interest of consumer enhancements” in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation.
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North Dakota House Committee Advances NAIFA-Supported Annuity Transactions Bill
Topics: State Advocacy Standard of Care & Consumer Protection Annuity Best Interest North Dakota Insurance & Financial Advisor Regulation
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Michigan and Arkansas Adopt Best Interest Rule on Annuities
Michigan and Arkansas have become states number four and five to adopt a best interest annuity rule based on the National Association of Insurance Commissioners’ (NAIC’s) revised Suitability in Annuity Transactions Model Regulation.
