Regulatory Update: NAIC Summer 2019 National Meeting
Data Matters
SEPTEMBER 4, 2019
NAIC Evaluating Definition of “Best Interest” to Determine Whether to Impose Such a Standard in the Suitability in Annuity Transactions Model Regulation. While the VOS Task Force has not provided a specific definition that covers all possible bespoke securities, it has identified certain common characteristics of such securities.
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