State regulators on the NAIC Annuity Suitability Working Group–which is charged with revamping the NAIC’s model annuity suitability regulation in light of growing interest in “best interest” standards–will meet in Chicago on October 22-23. The purpose is to resolve dozens of proposed amendments to the model, so that the full NAIC Life Insurance and Annuities (A) Committee can consider the updated draft at the November NAIC Fall Meeting. It’s an ambitious timeline and one that many observers, who have watched Working Group deliberations over the last year, think is too optimistic. The October Annuity Suitability Working Group meeting will take place at the Chicago Marriott O’Hare. A copy of the draft for consideration is available here… HERE.