Statute · California Insurance Code
Cal. Ins. Code § 10509.910 — Suitability Requirements for Annuity Transactions before January 1, 2025
Cal. Ins. Code § 10509.910
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The purpose of this article is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products, so that the insurance needs and financial objectives of…
Citator
Cal. Ins. Code § 10509.910 — Suitability Requirements for Annuity Transactions before January 1, 2025 is in force in the current edition of the Code, and nothing recorded condemns it.
The purpose of this article is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products, so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.