Iowa Insurance Division adopts final ‘Best Interest’ rule for annuity sales

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Insurance Forums - May 11, 2020

The Iowa Insurance Division filed an adopted regulation to require annuity agents to act in the best interest of their customers on May 11. Iowa’s annuity standards follow efforts by the National Association of Insurance Commissioners (NAIC) to develop a model Suitability in Annuity Transactions Mod...

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