Will regulators kill off fledgling secondary market for death benefits?
State insurance regulators Monday voted in favor of a proposal that would allow carriers to terminate an annuity living or death benefit if a client sold the contract over the secondary market.
State insurance regulators Monday voted in favor of a proposal that would allow carriers to terminate an annuity living or death benefit if a client sold the contract over the secondary market.
The management committee and full commission of the Interstate Insurance Product Regulation Commission,
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