Tennessee Addresses Suitability in Annuity Transactions

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TN | The Tennessee Department of Commerce and Insurance today issued Bulletin 23-02. It provides clarification for insurance companies and agents regarding the state’s new standard for suitability in annuity transactions. Specific topics include:

  • Material conflict of interest
  • Recommendations of products
  • Sales incentives
  • Presentation of information
  • Producer training

The new rule takes effect on January 1, 2024.

Click here to read the bulletin for specific information.

  • Bulletin
  • Tennessee
  • Department of Insurance

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