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Advocacy in action blog

2 min read

Illinois Enhances Protections for Annuity Consumers

By NAIFA & ACLI on 2/24/23 4:10 PM

A new rule adopted recently by the Illinois Department of Insurance provides greater safeguards for consumers seeking lifetime income from annuities. Illinois is the 32nd state to adopt a measure that implements the “best interest of consumer enhancements” in the National Association of Insurance Commissioners (NAIC)  Suitability in Annuity Transactions Model Regulation.  The new laws and regulations also align with the SEC’s Regulation Best Interest.

Topics: State Advocacy Press Release NAIC Model Regulation Annuity Best Interest
2 min read

NAIFA Congratulates 2023 NAIC Leaders

By NAIFA on 12/19/22 2:43 PM

NAIFA would like to congratulate newly elected National Association of Insurance Commissioners (NAIC) elect officers for 2023:

  • President: Missouri Insurance Director Chlora Lindley-Myers. Chlora Lindley-Myers was confirmed as the director of the Missouri Department of Commerce and Insurance on April 13, 2017.
Topics: Press Release NAIC Model Regulation