California Legislature OKs Annuity Sales Rule Update

News February 23, 2024 at 03:00 PM
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What You Need To Know

  • SB 263 is the California version of the NAIC annuity sales rule update.
  • The bill has passed without receiving any opposing votes since it was introduced.
  • A coalition of consumer groups say the bill is misleading.
The California State Capitol in Sacramento, California. (Photo: Sundry Photography/Adobe Stock)