Today, NAFA submitted a comment letter regarding the Iowa Insurance Division’s proposed rulemaking (ARC 4998C) related to establishing a best interest standard for insurance and securities professionals. A copy of it can also be found on the IID website alongside comment letters submitted by our sister trades and other organizations.

NAFA continues to monitor and encourage state adoption of the NAIC’s recently amended Suitability model regulation, and will weigh in where necessary in pursuit of harmonized rulemaking.