American insurers can be forgiven for feeling a sense of déjà vuas they watch their colleagues across the pond scramble to preparefor Brexit implementation long before the terms of the UnitedKingdom's withdrawal from the European Union are finalized, givenour own country's experience with the Department of Labor'sfiduciary rule.

In each case, once the wheels of regulatory change were set inmotion, the exact details or timing of how the transition would beexecuted by government officials didn't seem to matter all thatmuch. What was important was for insurers to move quickly tomitigate any potential competitive disadvantages that might result,and be in position to capitalize on the advantages of being anearly adapter.

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