Regulatory & Compliance | 04.22.25
New Jersey Becomes 50th State To Adopt Annuity Best-Interest Rules
by: John Hilton
New Jersey is the final state to adopt a best-interest annuity sales standard. Like most other states, the New Jersey statute is based on a model regulation created by the National Association of Insurance Commissioners. “With New Jersey’s action today, all 50 states have now adopted a best interest standard for annuity sales—an important milestone for consumers,” jointly stated David Chavern, president and CEO of the American Council of Life Insurers, and National Association of Insurance and Financial Advisors Trustee Dennis Cuccinelli.
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