Indiana § 27-4-9-4 Rules

Indiana Statutes

§ 27-4-9-4 — Rules

Indiana·Title 27 INSURANCE·Art. 4 UNFAIR COMPETITION; UNAUTHORIZED·Ch. 9 Recommendations to Senior Consumers

(a)The department shall adopt rules under IC 4-22-2 to implement this chapter.

(b)The rules adopted under subsection (a) must set forth the duties that apply to an insurer or an insurance producer in determining whether reasonable grounds exist to believe that a recommendation to purchase or exchange an annuity is suitable for a consumer to whom the recommendation is made based on the facts disclosed by the consumer concerning the consumer's investments, other insurance products, and financial situation and needs.

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(a) The department shall adopt rules under IC 4-22-2 to implement this chapter.
(b) The rules adopted under subsection (a) must set forth the duties
that apply to an insurer or an insurance producer in determining
whether reasonable grounds exist to believe that a recommendation to
purchase or exchange an annuity is suitable for a consumer to whom
the recommendation is made based on the facts disclosed by the
consumer concerning the consumer's investments, other insurance
products, and financial situation and needs.

Indiana § 27-4-9-4 (Rules) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.