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.