58-33A-18. Conditions resulting in no obligation to consumer.
Except as provided pursuant to §58-33A-19, no insurance producer nor any insurer has any obligation to a consumer under §58-33A-16 related to any recommendation if:
(1)A consumer refuses to provide relevant suitability information and the annuity transaction is not recommended;
(2)A consumer decides to enter into an insurance transaction that is not based on a recommendation of the insurer or insurance producer;
(3)A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or
(4)No recommendation is made.
Source: SL 2008, ch 273, §6; SL 2012, ch 250, §4.