Posts Tagged: Annuities
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Jan 03, 2012
No Comments2012 Rings In New Suitability Protections for California Seniors
I hope that everyone enjoyed the recent holidays as much as I did. As we welcome in the start of 2012, many new legislative and regulatory changes will be going into effect this week (January 1st is a very popular effective date). Thinking about what’s new for the year ahead reminds me that California seniors...
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Feb 24, 2011
No CommentsTime To Get To Know Your Customer
On November 17, 2010, the SEC approved the Financial Industry Regulatory Authority’s (“FINRA”) proposal adopting rules governing Know Your Customer (FINRA Rule 2090) and Suitability (FINRA Rule...
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Jan 04, 2011
No CommentsLooking Ahead to 2011 – Market Conduct Continues
The ending of one year and the beginning of another, for many insurance professionals, means year end financials to be prepared and annual assessments to be made. And while many functional areas revolve around the calendar year, the market conduct exam process and adherence to regulatory requirements certainly represents a compliance continuum. With the start...
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Jun 15, 2010
No CommentsSuitability Changes – A Preview of Coming Attractions
It may not be a summer blockbuster event, but the latest “suitability script” recently adopted at the NAIC Spring Meeting certainly is a “must read” for insurers involved in annuity transactions. Even though it’s only been a little over two months since the NAIC adopted changes to its Suitability Model Law, there is anticipation that...
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Apr 01, 2010
No CommentsWhat were people talking about at the NAIC Spring meeting? Annuities, Climate Risk, Health Care Reform…
The NAIC’s Spring meeting in Denver last week offered several informative sessions. As anticipated, many discussions focused on “hot topics” currently facing the insurance industry including the marketing of annuities, policy form readability standards, the Climate Risk Disclosure Survey, and issues affecting seniors such as long-term care insurance and Medicare Supplement insurance. Some highlights for...
