Producers should be able to collect annuity sales commissions even when they have not recommended the transactions, insurance industry commenters say.
The comments were submitted in response to efforts by regulators at the National Association of Insurance Commissioners, Kansas City, Mo., to update the Annuity Suitability Model.
Proposed revisions were exposted to public scrutiny July 2.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
