Missouri
Missouri Adopts Best Interests Standard In Suitability Annuity Transactions
Effective August 30, 2024, Missouri has amended the Suitability in Annuity Transactions rule. Missouri incorporated the “Best Interests” standard the National Association of Insurance Commissioners (NAIC) adopted. Please see the attachment for more information.
Update: Missouri posted a bulletin providing clarification around these changes on October 1, 2024. Please see the attachment for more information.
Update: Missouri posted a bulletin providing clarification around these changes on October 1, 2024. Please see the attachment for more information.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
General
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).