News Alerts

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NAIC “Enhanced” Annuity Suitability Draft Has Its Critics

An NAIC working group has developed a draft regulation imposing tougher annuity suitability standards, but the proposal doesn't go nearly far enough for some interested parties, including a consumer representative who often weighs in critically [...]

By | October 30th, 2018|Categories: News Alerts|0 Comments

NAIC Annuity Suitability Group is “Deeply Split” over In-Force Policy Issue

The National Association of Insurance Commissioners (NAIC) Annuity Suitability Working Group--which is plodding its way through creation of an enhanced suitability regulation for annuities--is divided on whether to apply the tougher standards to in-force transactions.  [...]

By | October 23rd, 2018|Categories: News Alerts|0 Comments

NAIC Moves Forward with New Approach to Annuity “Suitability”

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 [...]

By | October 15th, 2018|Categories: News Alerts|0 Comments

The DOL Fiduciary Duty Rule Is Dead

On June 21, the 5th Circuit Court of Appeals issued a mandate that made effective the Court's March 15 decision vacating - in full - the Department of Labor (DOL) fiduciary duty rule.  The mandate [...]

By | June 21st, 2018|Categories: News Alerts|0 Comments

Life Agents to DFS: Suspend Reg 187 Effort So All Parties Can Discuss Issues, Ideas

Life Agents to Regulators: Slow Down So We Have a Chance to Chat - NAIFA-NYS Advocating DFS to Suspend Reg 187 Effort Until All Interested Parties Can Roundtable Issues and Ideas   Albany, New York, [...]

By | June 19th, 2018|Categories: New York Issues, News Alerts|0 Comments

NYS Legislature Passes Our CE Credit Bill – Next Stop: Governor’s Desk

In the morning hours of June 12th, the NYS Assembly unanimously - in a vote of 120 to 0 - gave final passage to the NAIFA-NYS bill that requires the Superintendent of Financial Services to grant [...]

By | June 12th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments