The Delaware Department of Insurance has published a final regulation based on the National Association of Insurance Commissioners’ updated Suitability in Annuity Transactions Model that requires financial professionals to work in the best interests of consumers on annuity transactions.
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Delaware Joins the Growing List of States Adopting the NAIC Annuity Model
Topics: State Advocacy Standard of Care & Consumer Protection Annuity Best Interest Delaware Insurance & Financial Advisor Regulation
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NAIFA-Delaware and ACLI Advocate for Annuities Best Interest Rule
NAIFA-Delaware and the American Council of Life Insurers (ACLI) have commended Delaware Insurance Commissioner Trinidad Navarro for proposing a best interest annuity rule based on the National Association of Insurance Commissioners’ (NAIC’s) revised Suitability in Annuity Transactions Model Regulation.
