California Statutes
§ 10509.910. — 10509.910. (Added by Stats. 2011, Ch. 295, Sec. 2.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 5. CHAPTER 5. General Regulation of Life Insurers·Art. 9. ARTICLE 9. Suitability Requirements for Annuity Transactions before January 1, 2025
The purpose of this article is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products, so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 10509.910. (10509.910. (Added by Stats. 2011, Ch. 295, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 295, Sec. 2. (AB 689) Effective January 1, 2012.