L&HMAeasy
Which Massachusetts regulation governs annuity suitability and the best-interest standard applicable to producers recommending annuities to MA consumers?
A211 CMR 34.00 Replacement of Life Insurance and Annuities
B211 CMR 71.00 Medicare Supplement Standards
C211 CMR 52.00 Network Adequacy
211 CMR 96.00 Annuity Suitability and Best Interest
Why this is the answer
Massachusetts adopted the NAIC Suitability in Annuity Transactions Model Regulation #275 as 211 CMR 96.00. It imposes the four best-interest obligations (care, disclosure, conflict-of-interest, documentation) on producers recommending annuities to MA consumers.
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