Rule 82

Michael Preston SECRETARY OF COMMERCE AID * * December 28, 2020 BULLETIN NO. 34-2020 Alan McClain INSURANCE COMMISSIONER, ARKANSAS INSURANCE DEPARTMENT TO: ALL LICENSED INSURERS, HEALTH MAINTENANCE ORGANIZATIONS (HMOs), HOSPITAL AND MEDICAL SERVICE CORPORATIONS, TITLE INSURERS, INSURANCE PRODUCERS, AND OTHER INSURING ENTITIES REPORTING TO THE INSURANCE COMMISSIONER, INSURER TRADE ASSOCIATIONS, NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS AND OTHER INTERESTED PARTIES FROM: SUBJECT: ARKANSAS INSURANCE DEPARTMENT ARKANSAS INSURANCE DEPARTMENT RULE 82 The Arkansas Insurance Department has adopted the most current national model of the Suitability in Annuity Transactions. Its purpose is consumer protection and guidance for insurers and producers that market and sell annuity contracts. The industry will be allowed six (6) months from the effective date of Rule 82 to comply with the amended provisions. ALA McCLAiiN INSURANCE COMMISSIONER STATE OF ARKANSAS I1A?r eg'es9-403.0 Arkansas Department of Commerce Arkansas Insurance Department 1 Commerce Way, Suite 102 ' Little Rock, AR 72202 INSURANCE.ARKANSAS.GOV