California Statutes
§ 10509.919. — 10509.919. (Added by Stats. 2024, Ch. 2, Sec. 5.)
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
This article shall apply to both of the following:
(a)A recommendation of an annuity made before January 1, 2025, that results in the purchase, exchange, or replacement that was recommended.
(b)A sale of an annuity made before January 1, 2025, that is not based on a recommendation.
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California § 10509.919. (10509.919. (Added by Stats. 2024, Ch. 2, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2024, Ch. 2, Sec. 5. (SB 263) Effective January 1, 2025.