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FACC Louisiana Comment Letter 6-10-24

FACC commends the Louisiana Department of Insurance for moving forward in adopting updates to the National Association of Insurance Commissioners (NAIC) Model Regulation #275. The updated regulation incorporates best interest obligations in a manner that is attuned to the unique characteristics of the insurance industry. In particular, we support efforts by the Department to adopt the updated NAIC model regulation because it promotes uniformity and consistency across the large majority of states that have now adopted the updated NAIC model regulation.

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