Reg BI: AI recommendation must document best interest analysis — receipt or enforcement
—SEC Reg BI + AI robo-advisor examination
Regulatory exposure — commonly overlooked:
Robo-advisor updates model — firm owns Reg BI violation for all clients, vendor owns model update changelog. · Florida property insurers using AI for claims while Citizens backs up market — AI claim denial = political lightning rod.
TAM / Exposure
$100T+ AUM · robo-advisors mainstream
Insurance lines
E&O · Fidelity · D&O
Exhibit authority
Florida OIR AI Pack — Reg BI Best Interest AI Pack