by Kim O'Brien | Dec 11, 2019 | Uncategorized
112619F_FACC Comment Letter with Proposed Clarifications The primary interest of FACC is ensuring any revisions to the model regulation adopting a best interest standard will ultimately be workable for the independent distribution channel consisting of insurance...
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...
by Kim O'Brien | Jan 14, 2019 | Uncategorized
January 2019 TO: Trade Organizations with Members in the Independent Distribution Channel RE: NAIC Best Interest Regulation We the undersigned are Independent Marketing Organizations (IMOs) and many of us belong to trade organizations or work with companies that...
by Kim O'Brien | Nov 13, 2018 | Uncategorized
For those following NAIC developments, the working group is drafting an update to the model suitability regulation, deciding whether to include an explicit “best interest” provision. It has sparked debate between factions on the working group but the FACC Campaign is...
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