HB 1777 annuity transaction changes

Texas Department of Insurance sent this bulletin at 07/29/2021 10:52 AM CDT

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HB 1777 annuity transaction changes

The Texas Department of Insurance has issued a bulletin about new requirements for annuity transaction standards and disclosures. House Bill 1777 (87R) adds new training requirements, requires new disclosure forms, and reduces the minimum nonforfeiture interest rate.