Vermont Issues Regulation Concerning Suitability in Annuity Transactions

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VT | The Vermont Department of Financial Regulation has issued Regulation I-2023-01.

The purpose of this rule is to require producers to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed.

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  • Bulletin
  • Vermont
  • Department of Insurance

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