Ohio National execs say regulations and low interest rates make annuities a tough sell. The company will focus on growing its life and disability insurance lines, as well as expand Latin America operations. The company recently named Christopher A. Carlson as president and CEO.

The change in leadership comes as the institution gets ready to relocate to larger space.

A National Association of Insurance Commissioners committee called a special meeting in Kansas City to hammer out a model law for annuity transactions. But member states have a wide gulf of disagreement to bridge.