Los Angeles partner Bruce Ashton was quoted in an InsuranceNewsNet article titled, “DOL Suit Decisions Unlikely Before 2017.” Despite several lawsuits seeking to stop the DOL rule from taking effect next April, there is currently no resolution in sight. Independent Marketing Organizations (IMOs) are also waiting to hear back regarding their application for financial institution status.

“The most important aspect is what each of the [IMO] entities say about how they are going to supervise the agents that are going to work for them and whether an IMO can serve as a financial institution,” Bruce said.

Read “DOL Suit Decisions Unlikely Before 2017.” 

Source: InsuranceNewsNet