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NAVA Lines Up Regulator Support For Processing Initiative

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State insurance regulators are starting to put their support for the new Straight-Through Processing standards initiative in writing.

NAVA, Reston, Va., the variable annuity group that led the effort to develop the STP annuity business processing standards, says it already has sent teams to meet with regulators in 24 states and has obtained written bulletins or letters of acknowledgement from regulators in Arizona, Indiana, Iowa, Kansas, Michigan, Nebraska, South Dakota and Virginia.