Recommendations to purchase or exchange annuities subject to requirements.

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58-33A-14. Recommendations to purchase or exchange annuities subject to requirements.

Sections 58-33A-13 to 58-33A-27, inclusive, apply to any recommendation to purchase or exchange an annuity made to a consumer by an insurance producer, or an insurer if no producer is involved, that results in the purchase or exchange recommended. Nothing in §§58-33A-13 to 58-33A-27, inclusive, creates or implies a private cause of action for a violation of §§58-33A-13 to 58-33A-27, inclusive.

Source: SL 2008, ch 273, §2.


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