58-33A-25. Compliance with Conduct Rules of the Financial Industry Regulatory Authority.
If the director finds that the Conduct Rules of the Financial Industry Regulatory Authority meet or exceed the requirements of §§58-33A-16 to 58-33A-26, inclusive, then any recommendations made for variable annuities that comply with the Conduct Rules of the Financial Industry Regulatory Authority meet the requirements of §§58-33A-16 to 58-33A-26, inclusive. For this section to apply, an insurer shall:
(1)Monitor the Financial Industry Regulatory Authority member broker-dealer using information collected in the normal course of an insurer's business; and
(2)Provide to the Financial Industry Regulatory Authority member broker-dealer information and reports that are reasonably appropriate to assist the Financial Industry Regulatory Authority member broker-dealer to maintain its supervision system.
Source: SL 2008, ch 273, §13; SL 2012, ch 250, §10.