California § 10509.9209. 10509.9209. (Added by Stats. 2024, Ch. 2, Sec. 6.)

California Statutes

§ 10509.9209. — 10509.9209. (Added by Stats. 2024, Ch. 2, Sec. 6.)

California § 10509.9209.

JurisdictionCalifornia

Code INSInsurance 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. 9.5.ARTICLE 9.5. Suitability Requirements for Annuity Transactions on or after January 1, 2025

This text of California § 10509.9209. (10509.9209. (Added by Stats. 2024, Ch. 2, Sec. 6.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Insurance Code - INS Code § 10509.9209. (2026).

Text

(a)A life insurer shall provide to all consumers who purchase an annuity a buyer’s guide that shall be delivered as a stand-alone document with the annuity or before delivery of the annuity.

(b)For the purposes of this section, “buyer’s guide” means the National Association of Insurance Commissioners’ approved Annuity Buyer’s Guide most relevant to the type of product being recommended.

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(a)
A life insurer shall provide to all consumers who purchase an annuity a buyer’s guide that shall be delivered as a stand-alone document with the annuity or before delivery of the annuity.
(b)
For the purposes of this section, “buyer’s guide” means the National Association of Insurance Commissioners’ approved Annuity Buyer’s Guide most relevant to the type of product being recommended.