by Kim O'Brien | Feb 13, 2020 | Uncategorized
FACC Leads the Way Protecting Independent Producers and Consumer Choice On February 13, 2019, the NAIC adopted the new Best Interest standards for annuity sales. The Fixed Annuity Consumer Choice Campaign (FACC) has been at the forefront of development of these new...
by Kim O'Brien | Feb 13, 2020 | Uncategorized
On February 13th, 2020 the NAIC formally adopted a model “best interest” regulation which will impact distribution of annuity products. FACC anticipates states will begin adopting this regulation in coming months and both carriers and agents will need to adjust to new...
by Kim O'Brien | Dec 11, 2019 | Uncategorized
112619F_FACC Comment Letter with Proposed Clarifications The Fixed Annuity Consumer Choice Campaign has been working hard to improve the NAIC best interest proposal for the benefit of independent agents. We have advocated changes to make the rule more objective in...
by Kim O'Brien | Aug 14, 2019 | Uncategorized
Excerpt from Comment Submitted July 31, 2019: As you know by our comments, we support the standard put forward by Iowa in Section 6 A (1) (d), or something similar, because it provides a benchmark for determining what is meant by so many other undefined and open-ended...
by Kim O'Brien | May 13, 2019 | Uncategorized
Check out our Fiduciary/Best Interest Update on Page 26 https://view.joomag.com/nailba-perspectives-perspectives-spring-2019/0542767001557069854?short
by Kim O'Brien | Mar 21, 2019 | Uncategorized
The Fixed Annuity Consumer Choice (FACC) Campaign believes there are significant misconceptions fueling best interest initiatives both at the SEC, NAIC and individual states. FACC urges everyone to read our article 3 Misconceptions About Best Interest published by...
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