August 9, 2016
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InsuranceNewsNet: “6 IMOs Apply for ‘Financial Institution’ Status Under DOL Rule”

Six independent marketing organizations, or IMOs, have applied to the Department of Labor’s Office of Exemption Determinations to become a “financial institution.” Read Full Article

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Life Health Pro: “Unchartered waters: Why this IMO is seeking FI status under DOL rule”

Since the Department of Labor handed down its fiduciary rule, the industry has been abuzz about the outlook for insurance-only producers who sell fixed indexed annuities through independent marketing organizations. The reason: The rule doesn’t include IMOs in its definition of a “financial institution.” Read Full Article