Regulatory Outlook | 12.02.20
Delaware Floats 'Best Interest' Rule for Annuity Sales
Delaware has become the latest state to introduce a best interest rule for the sale of annuities. Introduced by the Delaware Department of Insurance, the proposal aims to align with the SEC’s Regulation Best Interest “to create a harmonized network of state and federal protections that preserve access to information and services lower- and middle-income savers want and need,” said Delaware Government Relations Committee Chair Joshua Shaver.
Read the full article on Think Advisor.