New Suitability Model Regulation Requirements

The National Association of Insurance Commissioners (NAIC) recently enacted revisions to the Suitability in Annuity Transaction Model Regulation (#275). This new regulation, effective January 1, 2021, in Arizona and Iowa, will impose new requirements on both producers and insurers. As an annuity carrier, we want to make sure you’re aware of key aspects of the new regulation.

Click below to learn about actions you need to take in order to meet your Best Interest Obligations.