NOTICE OF HEARING

DOCKET NO. G2014-08
Proposed Amendments to 211 CMR 96.00 –
CONSUMER PROTECTION IN ANNUITY TRANSACTIONS
         

           

Pursuant to Massachusetts General Laws Chapter 30A and the authority granted to the Commissioner of Insurance under Massachusetts General Laws Chapters 176D, a hearing will be held at the offices of the Division of Insurance (“Division”), 1000 Washington Street, Boston, MA  02118-6200 on January 15, 2015 at 10:00 AM.  The purpose of this hearing is to afford all interested persons an opportunity to provide oral and/or written comment regarding the proposed amendments to 211 CMR 96.00 pdf format of 211-96-redlined.pdf
, CONSUMER PROTECTION IN ANNUITY TRANSACTIONS. The proposed amendments to 211 CMR 96.00 to comply with the updated NAIC Model regulation including adding training requirements for insurance producer’s selling annuities.

The proceedings concerning the promulgation of amendments to 211 CMR 96.00 shall be designated as Docket No. G2014-08.  Any person who wishes to provide oral comment concerning this regulation must file a Notice of Intent to Comment with the Docket Clerk no later than 4:00 PM on January 14, 2015.  Persons wishing to submit written comments may do so until the record of the hearing is closed.  All submissions must be sent to the Docket Clerk, Hearings and Appeals, Division of Insurance, 1000 Washington Street, Suite 810, Boston, MA  02118-6200, or by electronic mail to doidocket.mailbox@state.ma.us and must refer to Docket No. G2014-08 in the subject line.  Persons who do not file a Notice of Intent to Comment will be heard after those who notify the Division in advance of the hearing. 

A copy of the regulation with proposed amendments is available from the Division and also is posted on its website at: www.mass.gov/doi under the heading for “Regulatory Hearings”.

 

 

                                                                                    ______________________________________

                                                                                    Gary D. Anderson
Dated:  December 16, 2014                                         Acting Commissioner of Insurance