Government Affairs Landscape

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Presentation transcript:

Government Affairs Landscape Jason Berkowitz Vice President & Counsel, Regulatory Affairs Insured Retirement Institute (IRI)

State Regulatory Developments

State Adoption of NAIC Model Regulations Suitability in Annuity Transactions Model Regulation Annuity Disclosure Model Regulation and Annuity Buyer’s Guides Cybersecurity – FINRA and NAIC

Replacement Rules in New York (Reg 60) Annuity Surrender Forms in Florida Doing Electronic Business in California (AB 1131) Securities Licensing Requirements for VA Sales in West Virginia, Vermont, and other states

Federal Regulatory Developments

NARAB II – National Clearinghouse for Producer Licensing DOL Fiduciary Rule Definition of Fiduciary PTE 84-24 Best Interest Contract Exemption (BIC or BICE)

Questions?