• 3. Heard a Federal Update on the Implications of the DOL Fiduciary Rule - Brooke Stringer (NAIC)
  • Micah Hauptman (Consumer Federation of America—CFA) said there are gaps in the current regulatory framework.
    • He said he does not believe consumers’ reasonable expectations are being met.
    • He said the DOL should require a fiduciary duty, regardless of what products are being sold or how they are being sold.
    • He said consumers all expect and deserve high quality advice without the taint of conflicts of interest.

2022 0407 - 2022-1, NAIC Proceedings -  LIAC - Life Insurance (A) Committee