March 10, 2011 -- The insurance departments of California and New York issued annuity suitability regulations early this week. In California, the regulations are open for 45 calendar days of public ...

An NAIC committee on Monday adopted a final version of the Suitability in Annuities Transactions model regulation. The model is expected to be voted on by the full National Association of Insurance ...

A new conduct model governing annuity transactions moved closer to reality after winning the approval of a key National Association of Insurance Commissioners' (NAIC) committee. The NAIC Life ...

State insurance commissioners approved a model regulation Thursday that would require insurance professionals to act in the best interests of their customers when selling annuities. The Suitability in ...

The National Association of Insurance Commissioners’ Executive Committee approved revisions to its annuity suitability model regulation, the organization announced Thursday. The changes are meant to ...

Arkansas Is Latest State to Consider NAIC Annuity Sales Standards The state’s Insurance Department Rule 82, which may soon be updated to match a suitability framework recently adopted by the National ...

The best-interest model of annuity transactions promoted by the National Institute of Insurance Commissioners has gained additional support in Indiana. The Indiana Department of Insurance is adopting ...

The states’ embrace of the NAIC annuity transaction suitability framework comes as experts are raising broader questions about the durability of the SEC’s Regulation Best Interest, on which the ...

Imagine visiting your family doctor because of chest pain. You wouldn’t expect him to treat you himself if he knew that a specialist— a cardiologist, for example — was better suited for the task. You ...

The U.S. Department of Labor (DOL) was trying to require financial professionals to "act in clients' best interest" when helping clients with retirement savings. Many life insurance agents who sell ...