Regulatory Outlook | 10.27.20
Six States Move Forward With Best Interest Rules for Annuities
Six states are moving forward to adopt new best interest standards for annuities, which were adopted by the National Association of Insurance Commissioners in February. While Arizona and Iowa have already adopted the model regulation, Arkansas, and Rhode Island are currently working on adoption and Kentucky, Michigan, Nevada, and Ohio are moving toward adoption, according to the Insured Retirement Institute.
Read the full article on Financial Advisor.