Regulatory Update: NAIC Summer 2020 National Meeting
Data Matters
SEPTEMBER 3, 2020
The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. 43R and instead capture them in SSAP No.
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