Statute · California Insurance Code
Cal. Ins. Code § 10509.9209 — Suitability Requirements for Annuity Transactions on or after January 1, 2025
Cal. Ins. Code § 10509.9209
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2025-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A life insurer shall provide to all consumers who purchase an annuity a buyer’s guide that shall be delivered as a stand-alone document with the annuity or before delivery of the annuity.
Citator
Cal. Ins. Code § 10509.9209 — Suitability Requirements for Annuity Transactions on or after January 1, 2025 is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A life insurer shall provide to all consumers who purchase an annuity a buyer’s guide that shall be delivered as a stand-alone document with the annuity or before delivery of the annuity.
(b) For the purposes of this section, “buyer’s guide” means the National Association of Insurance Commissioners’ approved Annuity Buyer’s Guide most relevant to the type of product being recommended.