VA-REGS IDE specific insurers, but some advisers welcome NASD plan standards of practice
Consultants and insurance companies butt is perhaps new faces, more stringent rules about sales of variable annuity, last week proposed by NASD in Washington.Meanwhile, the insurance sector is to increase anger securities of the state as regulators of the industry is struggling against its efforts to enact legislation in their country, they can settle Variable Annuities.
At the end of 2003, $ 985 billion in variable Annuities, an increase of 23% at one year earlier. Prime net cash for insurance of the economy based on the proceeds of investments during the year 2003 were approximately $ 46 billion, almost 50% higher than 2002.
The rules proposed by NASD sales would create standards of practice in particular for variable Annuities, underlines the fact that self-control of the organization has more than 80 cases in connection with the number of disciplinary cases in VA last two years.
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