Quiz question: Which rule on VA sales is delayed indifinitely?

Rule 2821(c) would require that a FINRA member firm principal review the suitability of each deferred VA application within 7 business days after the customer has signed the application and before the application has been submitted to the insurance company, writes Postal. Rule 2821(d) would require member firms to maintain written supervisory procedures for complying with Rule 2821.

Firms also must implement compliance procedures to determine if their sales agents are engaging in excessive switching and must adopt policies and procedures designed to implement “corrective measures” with respect to “inappropriate exchanges” and the conduct of representatives who engage in those transactions.

See Postal’s article here