Utah Publishes its Amendments to the Suitability in Annuity Transaction Requirement for Comment
On October 31, 2023, Utah Insurance Department published a requirement for comment regarding Suitability in Annuity Transactions to comply with the federal Dodd-Frank Act. This has now gone into effect as of 12/8/2023.
Please see 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.