Regulatory Update: NAIC Summer 2021 National Meeting
Data Matters
SEPTEMBER 20, 2021
The revised SAT, which the NAIC adopted in February 2020, incorporates a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. The earliest effective date for proposed SSAP revisions is expected to be January 1, 2024. 43R — Loan-Backed and Structured Securities .
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