SECTION 365:25-17-1. Purpose

Latest version.

(a) The purpose of this regulation is to set forth standards and procedures for recommendations to consumers that result in a transaction involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
(b) Nothing herein shall be construed to create or imply a private cause of action for a violation of this regulation.

[Source: Added at 22 Ok Reg 1429, eff 5-4-05 (emergency); Added at 23 Ok Reg 2738, eff 7-14-06]

                    
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