Tag Archives: NAIC

Montana adopts new Best Interest Suitability Regulation

Effective October 1, 2021: Montana has adopted the National Association of Insurance Commissioners (NAIC) revisions to the Suitability in Annuity Transactions Model Regulation. The…
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Texas and Virginia adopt new Best Interest Suitability Regulation

Texas and Virginia have adopted the National Association of Insurance Commissioners (NAIC) revisions to the Suitability in Annuity Transactions Model Regulation (#275) effective September…
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Best Interest Standard Coming to Multiple States

The following states recently adopted the new NAIC Best Interest Standard: Maine: January 1, 2022 Montana: October 1, 2021 North Dakota: January 1,…
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Best Interest Deadlines – Arizona and Iowa are almost due!

As you may already know, the NAIC updated its suitability model to include a Best Interest Standard that applies to any sale or recommendation of an…
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Ohio Adopts New Best Interest Suitability Regulation

Compliance required by August 14, 2021 Ohio recently adopted the National Association of Insurance Commissioners (NAIC) revisions to the Suitability in Annuity Transactions Model…
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Rhode Island Adopts New Best Interest Suitability Regulation

Effective April 1, 2021 Rhode Island has adopted the National Association of Insurance Commissioners (NAIC) revisions to the Suitability in Annuity Transactions Model Regulation…
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New NAIC Suitability Regulations for Arizona and Iowa

Effective January 1, 2021 Arizona & Iowa are adopting the new Annuity Suitability Model Regulation.  While they are the first two states to…
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NAIC Training Requirement Update for Pennsylvania

Effective 12/1/2020 The Commonwealth of Pennsylvania, through PA House Bill 152, is implementing regulatory annuity financial professional training requirements. This requires financial professionals…
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