Washington – State and federal regulators, consumer advocacy groups, life insurance companies and those who sell and distribute annuity products recently gathered to address the issues of suitability of annuity sales at a summit. The Bethesda, Md.-based Insurance Marketplace Standards Association (IMSA) convened the summit.
The topics discussed included how state and federal regulators can work collaboratively to provide greater clarity and predictability for companies who are expected to comply with an array of inconsistent and overlapping state and federal requirements.
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