L&HMImedium
Michigan's 2022 update to its annuity suitability rule aligned the state's standard with which national model?
AFINRA Rule 2111 suitability standard for broker-dealers
BDOL fiduciary rule
NAIC Model 275 best-interest standard
DSEC Regulation Best Interest
Why this is the answer
Michigan's annuity suitability rule under the Mich. Admin. Code was updated in 2022 to mirror NAIC Model Regulation 275, imposing a best-interest standard of care on producers recommending annuities.
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