Annuity Best Interest Practice Questions - Annuity Suitability & Best Interest Training Exam

What is the primary purpose of NAIC Model Regulation #275?

To set capital reserve requirements for life insurers To regulate the suitability and best interest of annuity recommendations To establish federal securities law for variable annuities To set minimum guaranteed interest rates on fixed annuities

Correct Answer:

To regulate the suitability and best interest of annuity recommendations

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