Department of Financial Service’s proposed First Amendment to …
Prior to the NAIC’s adoption of the current 2010 version of the suitability model rule,2 fixed indexed annuity complaints were approximately one complaint per $150 million of premium; in 2017 that rate was one per $550 million – down by nearly three-quarters.3 Measured against total premium, the percentage of fixed indexed annuity owners prior to 2010 who did not make a 1 NAFA, the National Association for … ................
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