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Article: Insurance Commissioner Group Proposes Hard Look at Variable Annuities.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 25, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Paul Wenske, The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Jun. 25--The National Association of Insurance Commissioners on Tuesday proposed new guidelines for states that would prompt "heightened scrutiny" of the sale of variable annuities.
The proposed guidelines also could give state securities commissioners a more prominent enforcement role.
The recommendations emerged from a working committee on the final day of the Kansas City-based organization's national conference in New York.
Officials said insurance commissioners nationwide will vote on whether to adopt the recommendations during a teleconference to be ...