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FACC Leads the Way Protecting Independent Producers and Consumer Choice

by Kim O'Brien | Feb 13, 2020 | Uncategorized

Oppose any best interest standard that would be essentially a fiduciary-like duty and invite runaway litigation; Protect independent agencies and producers who choose not to hold securities licenses; Define workable and objective requirements for both compliance and...

NAIC Suitability & Best Interest Key Duties & Obligations

by Kim O'Brien | Feb 13, 2020 | Uncategorized

Care: An agent must exercise reasonable diligence, care, and skill to know the client’s situation, understand available options, and recommend options that effectively address the client’s situation, needs, and objectives. Disclosure: An agent must disclose scope and...

Recent Posts

  • FACC Leads the Way Protecting Independent Producers and Consumer Choice
  • NAIC Suitability & Best Interest Key Duties & Obligations
  • FACC Supports Independent Insurance Producers
  • FACC to NAIC – Proposed Best Interest Rule Must ONLY Compare Insurance Agents to Other Insurance Agents! Preview Text: Read our comment to the NAIC
  • NAILBA Perspectives Magazine – NEW EDITION

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