On July 2, 2009, the NAIC's Suitability of Annuity Sales (A) Working Group issued another draft of proposed revisions to its Suitability in Annuity Transactions Model Regulation. The July 2, 2009 draft incorporates revisions reflecting the Working Group's discussion with industry to gain a greater understanding of the different distribution channels for annuity products. This draft more closely models FINRA Rule 2821's suitability review and supervision requirements.

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